Using the Following Information, Compute the Direct Materials Used A)$1,760,000

question 85

Multiple Choice

Using the following information, compute the direct materials used. $\begin{array}{lll}\text { Raw materials inventory, January 1 } & 20,000 \\\text { Raw materials inventory, December } 31 & 40,000 \\\text { Work in process, January 1 } & 18,000 \\\text { Work in process, December 31 } & 12,000 \\\text { Finished goods, January 1 } & 40,000 \\\text { Finished goods, December 31 } & 32,000\\\text { Raw materials purchases } & 1,700,000 \\\text { Direct labor } & 760,000 \\\text { Factory utilities } & 150,000 \\\text { Indirect labor } & 50,000 \\\text { Factory depreciation } & 400,000 \\\text { Operating expenses } & 420,000\end{array}$

• A)$1,760,000.
• B)$1,720,000.
• C)$1,700,000.
• D)$1,680,000.

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Definitions:

Medium

A means or mode of communication or expression; can refer to materials used in art, types of publication, or channels of communication.

Overall Length

The total length or size of an object, item, or entity from one end to the other.

Level of Detail

The degree of specificity and granularity in a description, presentation, or instruction, affecting how comprehensively a subject is explained or understood.

Range of Information

The breadth or variety of data, facts, and figures that is available or provided on a particular subject.