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A company compiled the following information for the current year. (Assume that all raw materials used were direct materials.) $30000 Raw materials inventory, January 1

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A company compiled the following information for the current year. (Assume that all raw materials used were direct materials.) $30000 Raw materials inventory, January 1 Raw materials inventory, December 31 Work in process, January 1 50000 18000 Work in process, December 31 12000 Finished goods, January 1 40000 Finished goods, December 31 32000 1700000 Raw materials purchases Direct labor 960000 Factory utilities 150000 Indirect labor 50000 Factory depreciation 400000 Operating expenses 620000 If direct materials used were $ 1700000, what were the total manufacturing costs for the period? O $ 3266000. O $3260000. O $ 3060000. O $3880000

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