Question

Assuming that the direct materials used are $1520000, compute the total manufacturing costs using the following information. Raw materials inventory, January 1$ 20000 Raw materials inventory, December 3140000 Work in process, January 118000 Work in process, December 3112000 Finished goods, January 140000 Finished goods, December 3132000 Raw materials purchases1540000 Direct labor760000 Factory utilities150000 Indirect labor50000 Factory depreciation400000 Operating expenses420000

Answer 1

Answer: $‭2,880,000‬

Step-by-step explanation:

= Direct costs + Indirect costs

= Direct labor + Direct materials + Indirect labor + factory utilities + factory depreciation

= 760,000 + 1,520,000 + 50,000 + 150,000 + 400,000

= $‭2,880,000‬