Question
*Assuming that the total manufacturing costs are $2,700,000, compute the cost of raw materials used using the information below. Raw materials inventory, January 1 $
*Assuming that the total manufacturing costs are $2,700,000, compute the cost of raw materials used using the information below.
Raw materials inventory, January 1 $ 30,000
Raw materials inventory, December 31 60,000
Work in process, January 1 27,000
Work in process, December 31 18,000
Finished goods, January 1 60,000
Finished goods, December 31 48,000
Raw materials purchases 1,300,000
Direct labor 690,000
Factory utilities 225,000
Indirect labor 75,000
Factory depreciation 500,000
Operating expenses 630,000
A. None of these
B.$1,270,000.00
C. $2,456,000.00
D.1,330,000.00
E. 1,812,000.00
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