Business, 07.03.2020 01:40 avavackity

Using the following information, compute the direct materials used.

Raw materials inventory, January 1 $20,000
Raw materials inventory, December 31 40,000
Work in process, January 1 18,000
Work in process, December 31 12,000
Finished goods, January 1 40,000
Finished goods, December 31 32,000
Raw materials purchases 1,700,000
Direct labor 760,000
Factory utilities 150,000
Indirect labor 50,000
Factory depreciation 400,000
Operating expenses 420,000

a. $1,460,000.
b. $1,420,000.
c. $1,400,000.
d. $1,380,000.

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Using the following information, compute the direct materials used.

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