Question
Data for the cost of direct materials for the month ended March 31, 2022, are as follows: Raw materials inventory, March 1, 2022 $79,040 Raw
Data for the cost of direct materials for the month ended March 31, 2022, are as follows: Raw materials inventory, March 1, 2022 $79,040 Raw materials inventory, March 31, 2022 72,800 During March, the company purchased $270,400 of raw materials on account from Crane Company and $95,680 of raw materials for cash from Cullumber Company. In addition, $52,000 was paid on the Crane account balance. (Assume all raw materials used were direct materials.)
Compute the cost of direct materials used during March.
Cost of direct materials used during March$___________
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