Using the following information, compute the direct materials used. Raw materials inventory, January 1 $...
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Accounting
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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