You will use the following information for questions $1$ through $3$ :

Jaguar Company employs a normal costing system. The following information is from the financial records of the company for the year.

Total manufacturing costs were $$2,500,000.$

Cost of goods manufactured was $$2,425,000$

$-$Applied factory overhead was $30\%$ of total manufacturing costs.

Factory overhead was applied to production at a rate of $80\%$ of direct labor cost.

Work$-$in$-$process inventory at January $1$ was $75\%$ of work$-$in$-$process inventory at December $31.$

The total cost of direct material used by Jaguar Company for the year is

$$1,150,000$

$$750,000$

$$937,500$

$$812\mathrm{.}500$