Question
Data for the cost of direct materials for the month ended March 31, 2022, are as follows: Raw materials inventory, March 1, 2022 $88,160
Data for the cost of direct materials for the month ended March 31, 2022, are as follows: Raw materials inventory, March 1, 2022 $88,160 Raw materials inventory, March 31, 2022 81,200 During March, the company purchased $301,600 of raw materials on account from Sunland Company and $106,720 of raw materials for cash from Carla Vista Company. In addition, $58,000 was paid on the Sunland 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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Cost management a strategic approach
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
5th edition
73526940, 978-0073526942
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