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Fairfield Companys raw materials inventory transactions for the most recent month are summarized here: Beginning raw materials$ 11,300Purchases of raw materials104,000Raw materials issuedMaterials requisition 144541,000For

Fairfield Companys raw materials inventory transactions for the most recent month are summarized here:

Beginning raw materials$ 11,300Purchases of raw materials104,000Raw materials issuedMaterials requisition 144541,000For Job 101Materials requisition 144632,000For Job 102Materials requisition 144713,500Used on multiple jobs

Required:

  1. How much of the raw materials cost would be added to the Work in Process Inventory account during the period?
  2. How much of the raw materials costs would be added to the Manufacturing Overhead account?
  3. Compute the ending balance in the Raw Materials Inventory account.

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