Answer:
The ending Raw Materials Inventory balance for March is $34,600
Explanation:
Raw material inventory is the inventory of those material which will be used in the processing of the production of a product. It includes direct material and indirect material as well.
The ending raw material will be calculated as follow
Ending Raw Material = Beginning raw material + Purchases for the period - material used in the period
Ending Raw Material = $23,600 + $173,000 - ( $148,200 + $13,800 )
Ending Raw Material = $23,600 + $173,000 - $162,000
Ending Raw Material = $196,600 - $162,000
Ending Raw Material = $34,600
