I need your help. please

1. Data for the cost of direct materials for the month ended May 31, 2020, are as follows: Materials inventory, May 1, 2020 $76,000 Materials inventory, May 31, 2020 50,000 During May, the company purchased $385,000 of raw materials on account from ABC Company and $90,000 of raw materials for cash from XYZ Company. In addition, $20,000 was paid on the ABC account balance. Compute the cost of direct materials used during March. (2 Points) $501,000 $481,000 $551,000 Activate Go to Setting $531,000