XYZ Manufacturing, Inc. provided the following information for the year: Purchases—Raw Materials $90,000 Plant Utilities and...

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XYZ Manufacturing, Inc. provided the following information for the year: Purchases—Raw Materials $90,000 Plant Utilities and...

XYZ Manufacturing, Inc. provided the following information for the year:

Purchases—Raw Materials	$90,000
Plant Utilities and Insurance	68,000
Indirect Materials	11,740
Indirect Labor	4,050
Direct Materials Used in Production	99,000
Direct Labor	117,000
Depreciation on Factory Plant & Equipment	5,000

The inventory account balances as of January 1 are given below.

Raw Materials Inventory	$44,000
Work-in-Progress Inventory	11,000
Finished Goods Inventory	49,000

What is the ending balance in the Raw Materials Inventory account?

business accounting

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