A company compiled the following information for the current year. (Assume that all raw materials used were direct materials.) Raw materials inventory, January 1 $ 20,000 Raw materials inventory, December 31 40,000 Work in process inventory, January 1 18,000 Work in process inventory, December 31 12,000 Finished goods inventory, January 1 40,000 Finished goods inventory, December 31 32,000 Raw materials purchases 1,700,000 Direct labor 760,000 Factory utilities 150,000 50,000 400,000 420,000 Indirect labor Factory depreciation Operating expenses If direct materials used were $1,700,000, what were the total manufacturing costs for the period? A. $3,060,000. B. $2,860,000. C. $3,066,000. OD. $3,480,000