Problem 1 (Unit 4.2) Dairy Time manufactures cheese. The company maintains both direct and indirect materials in its Raw Materials account. At the beginning of June, Raw Materials totaled $5,100. During Je, Dairy Time's transactions included the following: Raw materials received on account Costs incurred to ship products to customers Indirect materials requisitioned for production Direct materials requisitioned for production Raw materials acquired for cash Cash paid for materials previously acquired $92,100 2,300 3,400 88,600 11,400 90,200 Required Calculate the June 30 Raw Materials balance to be reported on Dairy Time's balance sheet