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Calculate the cost of direct materials used for the year

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Reference no: EM132968974

Question - As of January 1, 2021, Tippy Cup Co. had a balance of $15,000 for raw materials inventory. The company's ending balance of raw materials inventory totaled $13,900. Every four months, the company purchases 250 pounds of raw materials at $25 a pound. Calculate the cost of direct materials used for the year.

Reference no: EM132968974

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