Pear Co. provides you with the following data for the most recent year:
Direct materials (beginning inventory).................................. $80,000
Work-in-process (beginning inventory) ................................. $60,000
Finished goods (beginning inventory) ..................................$125,000
Direct labor .................................................................$160,000
Direct materials (ending inventory) .................................... $120,000
Work-in-process (ending inventory) .................................... $30,000
Finished goods (ending inventory) ........................................$75,000
Manufacturing overhead costs ...........................................$220,000
Cost of goods sold .........................................................$800,000
Required:
What was the cost of direct materials purchased?