Assuming That the Direct Materials Used Are $1700000 Compute the Total

question 66

Multiple Choice

Assuming that the direct materials used are $1700000 compute the total manufacturing costs using the following information. $\begin{array}{lr}\text { Raw materials inventory, January 1 } &\$ 20,000 \\\text { Raw materials inventory, December 31 } & 40,000 \\\text { Work in process, January 1 } & 18,000 \\\text { Work in process, December } 31 & 12,000 \\\text { Finished goods, January 1 } & 40,000 \\\text { Finished goods, December 31 } & 32,000 \\\text { Raw materials purchases } & 1,700,000 \\\text { Direct labor } & 760,000 \\\text { Factory utilities } & 150,000 \\\text { Indirect labor } & 50,000 \\\text { Factory depreciation } & 400,000 \\\text { Operating expenses } & 420,000\end{array}$

• A)$3060000.
• B)$3066000.
• C)$2860000.
• D)$3480000.

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