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Stewart Manufacturing has the following information regarding its Raw Materials Inventory Account. Direct Materials used during the month $200,000 Beginning balance Raw Materials Inventory $40,000
Stewart Manufacturing has the following information regarding its Raw Materials Inventory Account.
Direct Materials used during the month $200,000
Beginning balance Raw Materials Inventory $40,000
Ending balance Raw Materials Inventory $57,500
What is the cost of materials purchased by Stewart Manufacturing during the month? Show your calculations / Explain your answers.
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