Using the Following Information Compute the Direct Materials Used A)$1760000

question 86

Multiple Choice

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

• A)$1760000.
• B)$1720000.
• C)$1700000.
• D)$1680000.

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Definitions:

Chemical Variations

The differences in chemical composition and properties that occur among similar substances or within substances under different conditions.

Atorvastatin

A medication used to lower cholesterol levels and prevent cardiovascular disease by inhibiting HMG-CoA reductase.

Alkaline Ph

A measure of the acidity or basicity of a solution, with alkaline referring to a pH greater than 7.

Atorvastatin

A medication used to prevent cardiovascular disease and treat abnormal lipid levels by inhibiting HMG-CoA reductase.