The following data were taken from the records of Westbrooks Company: INVENTORIES Aug. 31, 2020 Sept. 30, 2020 Raw Materials 00? 50,000 Work-in-Process 80,000 95,000 Finished Goods 60,000 78,000 Additional Information: Raw materials purchased 46,000 Factory overhead, 75% of direct labor cost 63,000 Selling and administrative expenses, 12.5% of sales 25,000 Net Income for September 2020 25,000 What is the cost of raw materials inventory on August 31, 2020