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

question 76

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:

Racial Disparities

Differences in treatment, opportunities, and outcomes between racial groups, often reflecting systemic inequality and injustice.

Economic Differences

Variations in wealth, income, and economic status among individuals, groups, or countries, leading to disparities in living standards and access to resources.

Gender Inequalities

involve the disparate treatment and opportunities afforded to individuals based on their gender, manifesting in various social, economic, political, and cultural contexts.

Medical Research

The systematic investigation into and study of materials, sources, and methods for diagnosing, treating, and preventing diseases.