Analyzing Activity in Inventory Accounts

Selected data concerning operations of Cascade Manufacturing Company for the past fiscal year follow:

$\backslash$table$[[$Raw materials used,$],[$Total manufacturing costs charged to production during the year $($includes raw materials, direct labor, and manufacturing overhead applied at a rate of $60$ percent of direct labor costs$),731,000],[$Cost of goods available for sale,$876,000],[$Selling and general expenses,$40,000]]$

$\backslash$table$[[,\backslash$table$[[$Inventories$],[$Beginning$]]],[$Ending$,,],[$Raw materials,$$70,000,$$$80,000$