Using the following information, compute the direct materials used. Raw materials inventory, January 1 $ 10000 Raw materials inventory, December 30000 31 Work in process, January 1 18000 Work in process, December 31 12000 Finished goods, January 1 40000 Finished goods, December 31 32000 Raw materials purchases 1600000 Direct labor 760000 Factory utilities 150000 Indirect labor 50000 Factory depreciation 400000 Operating expenses 420000 $1640000. O $1610000. $1580000. O $1600000.
Using the following information, compute the direct materials used. Raw materials inventory, January 1 $ 10000 Raw materials inventory, December 30000 31 Work in process, January 1 18000 Work in process, December 31 12000 Finished goods, January 1 40000 Finished goods, December 31 32000 Raw materials purchases 1600000 Direct labor 760000 Factory utilities 150000 Indirect labor 50000 Factory depreciation 400000 Operating expenses 420000 $1640000. O $1610000. $1580000. O $1600000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Using the following information, compute the direct materials used.
Raw materials inventory, January 1
$ 10000
Raw materials inventory, December
30000
31
Work in process, January 1
18000
Work in process, December 31
12000
Finished goods, January 1
40000
Finished goods, December 31
32000
Raw materials purchases
1600000
Direct labor
760000
Factory utilities
150000
Indirect labor
50000
Factory depreciation
400000
Operating expenses
420000
$1640000.
$1610000.
$1580000.
$1600000.
OO O O](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F895e84b7-bdb9-44dd-9e3c-4c13647d53ed%2F54d6e577-1d87-49bd-b824-150c7a424756%2F54ezkok_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Using the following information, compute the direct materials used.
Raw materials inventory, January 1
$ 10000
Raw materials inventory, December
30000
31
Work in process, January 1
18000
Work in process, December 31
12000
Finished goods, January 1
40000
Finished goods, December 31
32000
Raw materials purchases
1600000
Direct labor
760000
Factory utilities
150000
Indirect labor
50000
Factory depreciation
400000
Operating expenses
420000
$1640000.
$1610000.
$1580000.
$1600000.
OO O O
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