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A company compiled the following information for the current year. ( Assume that all raw materials used were direct materials. ) Raw materials inventory, January

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
Raw materials purchases ,1,700,000
Direct labor ,760,000
Factory utilities ,150,000
Indirect labor ,50,000
Factory depreciation 400,000
Operating expenses
420,000
What amount of the direct materials were used during the period?
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