Niles Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: Beginning inventories: Raw materials $ 47,000 Work in process $ 20,000 Estimated total manufacturing overhead at the beginning of the year $ 646,250 Estimated direct labor-hours at the beginning of the year 47,000 direct labor-hours Results of operations: Raw materials purchased on account $ 538,000 Raw materials (all direct) requisitioned for use in production $ 535,000 Direct labor cost $ 699,000 Actual direct labor-hours 37,000 direct labor-hours Manufacturing overhead: Indirect labor cost $ 134,000 Other manufacturing overhead costs incurred $ 453,000 Cost of goods manufactured $ 1,568,000 How much is the ending balance in the Raw Materials inventory account

the ending balance in the Raw Materials inventory account is $585,000

Explanation:

Open a Raw Materials Inventory T- Account as follows :

Debits :

Beginning Raw materials                               $ 47,000

Raw materials purchased                            $ 538,000

Totals                                                             $585,000

Credits :

Raw materials requisitioned - production   $ 535,000

Ending Raw materials (Balancing Figure)     $ 50,000

Totals                                                             $585,000

Therefore the Balancing Figure represents the Ending Raw materials inventory

due to the changes the federal reserve is making the unused reserves will impact the economy by them facing inflation. inflation is definfed as the increase in pricing of a good or service but the decline of the value of money used for purchasing those items. when the economy has a high inflation rate, they are subject to money loss and hurt on the economy.

the correct answer option is b. a single paragraph.

explanation:

when you are thinking about paragraph​ topics, you should always choose a subject that can be adequately addressed in a single paragraph.

a paragraph is a piece of writing consisting of a few sentences that deal with a single theme. it has only a single idea that the paragraph revolves around and talks about.

so a paragraph topic must be chosen wisely where a single idea can be communicated in a single paragraph.