he accounting records of Cinotti Manufacturing Company include the following information:

	Dec. 31, 2004	Dec. 31, 2003
Work in process inventory	$ 15,000	$ 12,000
Finished goods inventory	45,000	51,000
Materials purchased	331,000
Raw materials inventory	?	24,000
Direct materials used	325,000
Manufacturing overhead incurred	132,000
Direct labor	120,000
Selling expenses	70,000

Cinotti uses an actual cost system. Calculate the following:

1. Raw materials inventory at 12-31-04