Question: Using the following information, compute the direct materials us $ 35000 Raw materials inventory, January 1 55000 Raw materials inventory, December 31 18000 Work in

Using the following information, compute the direct materials us $ 35000 Raw materials inventory, January 1 55000 Raw materials inventory, December 31 18000 Work in process, January 1 12000 Work in process, December 31 40000 Finished goods, January 1 32000 Finished goods, December 31 1700000 Raw materials purchases 760000 Direct labor 150000 Factory utilities Indirect labor 50000 Factory depreciation 400000 Operating expenses 420000 $1680000. $1735000. $1700000 $1790000

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