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Business, 24.06.2019 22:50 jeanlucceltrick09

Noelke industries had a raw materials inventory account balance of $27,388 on june 1. during the month of june, noelke had the following transactions: 1. purchased $345,000 of lumber. 2. purchased $184,000 of steel. 3. spent $1,867 on freight charges. 4. received a credit of $3,450 for their lumber order. 5. returned $6,430 of flawed lumber. 6. used $353,000 of lumber. 7. used $181,000 of steel. what is the balance of the raw materials inventory account on june 30?

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