Question: Using the following information, compute the direct materials used. Raw materials inventory, January 1 $ 15000 35000 Raw materials inventory December 31 Work in process,

Using the following information, compute the direct materials used. Raw materials

Using the following information, compute the direct materials used. Raw materials inventory, January 1 $ 15000 35000 Raw materials inventory December 31 Work in process, January 1 Work in process, December 31 18000 12000 Finished goods, January 1 40000 Finished goods, December 31 32000 Raw materials purchases 1700000 Direct labor 760000 Factory utilities 150000 Indirect labor 50000 Factory depreciation 400000 Operating expenses 420000 O $ 1700000 $ 1715000 $ 1680000 $ 1750000

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