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Spinning Gears has reported their beginning materials of $75,800 and ending material inventory of $79,200. In order to produce their 12 gear, they need $500,000

Spinning Gears has reported their beginning materials of $75,800 and ending material inventory of $79,200. In order to produce their 12" gear, they need $500,000 for production.

How much in direct materials does Spinning Gears need to purchase to meet their production requirements?

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