CALCULATOR FULL SCREEN PRINTER VERSION OR Using the following information, compute the cost of direct materials used. Raw materials inventory, January 1 Raw materials inventory, December 31 Work in process, January 1 Work in process, December 31 Finished goods, January 1 Finished goods, December 31 Raw materials purchases Direct labor Factory utilities Indirect labor Factory depreciation Operating expenses $ 35000 65000 27000 18000 60000 48000 1300000 390000 225000 75000 500000 630000 $1800000 $1770000 $1735000