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Data for the cost of direct materials for the month ended March 31, 2019, are as follows: Materials inventory, March 1, 2019 $76,000 Materials inventory,
Data for the cost of direct materials for the month ended March 31, 2019, are as follows:
During March, the company purchased $260,000 of raw materials on account from Reed Company and $92,000 of raw materials for cash from Frye Company. In addition, $50,000 was paid on the Reed account balance.
Compute the cost of direct materials used during March.
Materials inventory, March 1, 2019 | $76,000 | ||
Materials inventory, March 31, 2019 | 70,000 |
During March, the company purchased $260,000 of raw materials on account from Reed Company and $92,000 of raw materials for cash from Frye Company. In addition, $50,000 was paid on the Reed account balance.
Compute the cost of direct materials used during March.
Cost of direct materials during March | $ |
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