Data for the Cost of Direct Materials for the Month

question 86

Essay

Data for the cost of direct materials for the month ended March 31, 2016, are as follows:
During March, the company purchased $260,000 of raw materials on account from Reed Company and $92,000 of raw materials for cash from Frye Company. In addition, $50,000 was paid on the Reed account balance.
Instructions
Compute the cost of direct materials used during March.

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Definitions:

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