the kiosk sells spicy black bean burritos during the weekday lunch hour. it charges $6.00 for each burrito and all burritos are made before the lunch crowd arrives. the burritos cost the kiosk $1.75. kiosk management is very sensitive about the quality of food it serves. thus, it maintains a strict "no old burrito" policy, so any burritos left at the end of the day are disposed of. burrito demand follows a normal distribution with a mean of 200 and a standard deviation of 40.

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: