Question 7 of 25 Current Attempt in Progress -12 If the cost of direct materials used is $1700000 during a period, compute the total manufacturing costs using the information below. (Assume that all raw materials used were direct materials.) Raw materials inventory, January 1 $20000 Raw materials inventory, December 31 50000 Work in process. January 1 27000 Work in process, December 31 18000 Finished goods, January 1 60000 Finished goods. December 31 48000 Raw materials purchases 1700000 Direct labor 690000 Factory utilities 220000 Indirect labor 75000 Factory depreciation 500000