Assuming that the direct materials used are $1,500,000, compute the total manufacturing costs using the following information. $ 20,000 Raw materials inventory, January 1 Raw materials inventory, December 31 40,000 Work in process, January 1 18,000 Work in process, December 31 12,000 Finished goods, January 1 40,000 Finished goods, December 31 32,000 Raw materials purchases 1,700,000 Direct labor 760,000 Factory utilities 175,000 Indirect labor 40,000 Factory depreciation 450,000 Operating expenses 420,000 $2,860,000 $3,480,000 $3,060,000. $2,925,000 Question 16 1 pts Wasson Company reported the following year-end information: Beginning work in process inventory $ 50,000 Beginning raw materials inventory 18,000 Ending work in process inventory 38,000 Ending raw materials inventory 15,000 Raw materials purchased 650,000 Direct labor 230,000 Manufacturing overhead 120,000 How much is Wasson's total cost of work in process for the year? $893,000 $1,053,000 $1.090,000 $928,000