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Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit):
Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit): Sitka Industries cost standards Sitka Industries made 2,646 ladders in July and used 7,536 pounds of material to make these units. Smith Industries bought 15,187 pounds of material in the current period. There was a $243 unfavorable direct materials price variance. How much in total did Sitka pay for the materials purchased? Round to the nearest penny, two decimal places
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