Data for the cost of direct materials for the month ended 31 March 2019, are as follows:
During March, the company purchased $200,000 of raw materials on account from Alice Ltd and $72,000 of raw materials for cash from Darwin Ltd. In addition, $50,000 was paid on the Alice account balance.
Instructions: Compute the cost of direct materials used during March.

Question

Data for the cost of direct materials for the month ended 31 March 2019, are as follows:
  During March, the company purchased $200,000 of raw materials on account from Alice Ltd and $72,000 of raw materials for cash from Darwin Ltd. In addition, $50,000 was paid on the Alice account balance.
Instructions: Compute the cost of direct materials used during March.

Quizplus · Accepted Answer

The Answer of Data for the cost of direct materials for the month ended 31 March 2019, are as follows:
  During March, the company purchased $200,000 of raw materials on account from Alice Ltd and $72,000 of raw materials for cash from Darwin Ltd. In addition, $50,000 was paid on the Alice account balance.
Instructions: Compute the cost of direct materials used during March.

Data for the Cost of Direct Materials for the Month