Question: Guzman Manufacturing Company reported the following materials data for the month ending October 31, 2008: Materials purchased ..... $175,000 Materials inventory, October 1 .. 45,000

Guzman Manufacturing Company reported the following materials data for the month ending October 31, 2008:
Materials purchased ..... $175,000
Materials inventory, October 1 .. 45,000
Materials inventory, October 31 ... 30,000

Determine the cost of direct materials used in production by Guzman during the month ended October 31, 2008.

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