Hulas Heavyweights, Inc., is a company that manufactures forklifts. During the year, Hulas purchased $1,450,000 of direct

Question:

Hula’s Heavyweights, Inc., is a company that manufactures forklifts. During the year, Hula’s purchased $1,450,000 of direct materials and placed $1,525,000 worth of direct materials into production. Hula’s beginning balance in the Materials Inventory account was $320,000. What is the ending balance in Hula’s Materials Inventory account?