Ideal Displays designs and manufactures displays used in mobile devices. Serious flooding throughout the region affected Ideal Displays' facilities. Inventory was completely ruined, and the company's computersystem, including all accounting records, was destroyed. Before the disaster recovery specialists clean the buildings, Keegan Addington, the companycontroller, is anxious to salvage whatever records she can to support an insurance claim for the destroyed inventory. She is standing in what is left of the Accounting Department wtih Tony Myers, the cost accountant. "I didn't know mud could smell so bad," Tony says. "What should I be looking for?" "Don't worry about beginning inventory numbers," responds Keegan. "We'll get them from lastyear's annual report. We need first-quarter cost data." "I was working on the first-quarter results just before the storm hit," Tony says. "Look, myreport's still in my desk drawer. But all I can make out is that for the first quarter, material purchases were $524,000 and that direct labor, manufacturing overhead (other than indirectmaterials), and total manufacturing costs to account for were $551,000; $218,000; and $1,530,000, respectively. Wait, and cost of goods available for sale was $1,570,000." "Great," says Keegan. "I remember that sales for the period were approximately $1.7 million. Given our gross profit of 10%, that's all you should need." Tony is not sure about that, but decides to see what he can do with this information. The beginning inventory numbers are as follows:

	Raw materials, $85,000
	Work in process, $206,000
	Finished goods, $187,000

He remembers several schedules he learned in college that may help him get started.

Find Ending raw materials inventory: