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Selected data concerning the past years operations of the Ozarks Manufacturing Company are as follows: Inventories Beginning Ending Raw material $ 51,000 $ 81,000 Work

Selected data concerning the past year’s operations of the Ozarks Manufacturing Company are as follows:

Inventories
BeginningEnding
Raw material$51,000$81,000
Work in process80,00030,000
Finished goods90,000110,000


Other data:

Direct material used$318,000
Total manufacturing costs charged to production
during the year (includes direct material,
direct labor, and manufacturing overhead
applied at a rate of 60% of direct-labor cost)
686,000
Cost of goods available for sale826,000
Selling and administrative expenses30,500

Required:
1. 
What was the cost of raw materials purchased during the year?

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