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ABC Company has provided the following data for the month of November: Inventories November 1 November 30 Raw materials ................... $15,000 ? Work in process

ABC Company has provided the following data for the month of November:

Inventories

November 1

November 30

Raw materials ...................

$15,000

?

Work in process ...............

12,000

10,000

Finished goods .................

?

7,000

Additional Data:

Sales revenue...................................

$100,000

Direct labor costs .............................

8,000

Manufacturing overhead costs .........

10,000

Selling expenses ...............................

12,000

Administrative expenses ..................

13,000

Cost of goods manufactured ............

30,000

Raw materials purchases ..................

9,000

  1. Calculate the ending raw materials inventory.

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