Clear Water Drinking Company manufactures high-quality drinking flasks. On March 1, Clear Water had $50,000 of materials

Question:

Clear Water Drinking Company manufactures high-quality drinking flasks. On March 1, Clear Water had $50,000 of materials in inventory. During the month of March, the company purchased $2,000,000 of materials. On March 31, materials inventory equaled $60,000.

Required:
Calculate the direct materials used in production for the month of March.

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