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The following are incomplete manufacturing cost data. Determine the missing amounts these three independent situations. Data for the cost of direct materials for the month
The following are incomplete manufacturing cost data. Determine the missing amounts these three independent situations. Data for the cost of direct materials for the month ended March 31, 2022, are as follows: During March the company purchased $260,000 of raw materials on account from Reed Company and $92,000 of raw materiais for cash from Frye Compamy. In addition, \$50,000 was paid on the Reed account balance. (Assume all raw materials used were direct materials.) Compute the cost of direct materials used during March. Cost of direct materials used during March 5
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