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The Rand Company typically pays for their raw materials 25% in the month of purchase, 50% in the month after purchase, and the remaining 25%

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The Rand Company typically pays for their raw materials 25% in the month of purchase, 50% in the month after purchase, and the remaining 25% two months after the purchase date. The direct materials purchasing information for the 1st quarter is as follows. January February March $150,538 $140,842 $218,519 How much cash did the Rand Company pay out for direct materials in March? Round your answer to the nearest whole dollar

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