Compute the amount of raw materials used during August if $25,000 of raw materials were purchased during the month and the inventories were as follows: Balance Balance August 31 August 1 Inventories $5,000 $3,000 Raw Materials $16,000 $13,000 Work in process $27,000 Finished goods $25,000 $16,000 $23,000 $19,000 $27.000