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Data for the Cost of Direct Materials for the Month

Question 47

Essay

Data for the cost of direct materials for the month ended March 31, 2010, are as follows: Data for the cost of direct materials for the month ended March 31, 2010, are as follows: During March, the company purchased $240,000 of raw materials on account from Reed Company and $72,000 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.
During March, the company purchased $240,000 of raw materials on account from Reed Company and $72,000 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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