Jefferson Corporation was started on January 1, 2014. The company incurred the following transactions during the year (Assume all transactions involve cash): 1) Acquired $2,800 of capital from the owners. 2) Purchased $570 of direct raw materials. 3) Used $390 of these direct raw materials in the production process. 4) Paid production workers $580 cash. 5) Paid $380 for manufacturing overhead (applied and actual overhead are the same). 6) Started and completed 300 units of inventory. 7) Sold 230 units at a price of $6 each. 8) Paid $220 for selling and administrative expenses. The amount of raw material inventory on the balance sheet at the end of the accounting period would be:

$180.

$0.

$390.

$570.