Business, 21.09.2019 02:30, makaileep1623

The raw materials inventory account had a balance of $13,463 on january 1. during the month of january, the company had the following transactions: 1. purchased $12,481 of wool. 2. purchased $15,327 of cotton. 3. spent $312 on freight charges. 4. received a discount of $153 for their cotton order. 5. returned $1,722 of flawed polyester. 6. used $8,318 of wool. 7. used $16,964 of cotton. what is the balance of the raw materials inventory account on january 31?

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The raw materials inventory account had a balance of $13,463 on january 1. during the month of janua...