Need help with b) Ending raw materials inventory balance pl

wrong answer: 100,000

22. Raw Materials Inventory Journal Entries. The balance in Sly Company's raw materials inventory account was $45,000 at the beginning of April. Raw materials purchased during the month totaled $55,000. Sly used $48,000 in direct materials and $14,000 in indirect materials for the month. Required: a. Prepare separate journal entries to record the following items: 1. Raw materials purchased for the month, assuming all purchases were on account 2. The transfer of direct materials into production 3. The transfer of indirect materials into production b. Prepare a T-account for raw materials inventory and include the beginning balance for April. Post the appropriate items from the journal entries in part a to this account, and calculate the ending balance in raw materials inventorv. Raw Materials Inventory Journal Entries L. 55,000 55,000 48,000 (1) Raw materials inventory Accounts payable (2) Work in process inventory Raw materials inventory (3) Manufacturing overhead Raw materials inventory 48,000 14,000 14,000 No posting to a T-account is required. Calculate the ending balance of Raw materials inventory and enter the amount below. (Enter the dollar amount without any debit or credit notation.) Ending Raw materials inventory balance