1) The information for the cost of direct materials for ABC Company for the month ended March 31, 2019, are as follows: RE Materials inventory, March 1, 2019 Materials inventory, March 31, 2019 ....... $44,000 42,000 During March, the company purchased $150,000 of raw materials on account from the Hewitt Company and $50,000 of raw materials in cash from The James Company. Work in process at the end of the month was $500,000. Instructions Calculate the cost of direct materials used during March