Response to the following problem:
Fairfield Company's raw materials inventory transactions for the most recent month are summarized here:
Beginning raw materials $20,000
Purchases of raw 90,000
Raw materials issued
Materials requisition 1445 25,000 For Job 101
Materials requisition 1446 35,000 For Job 102
Materials requisition 1447 30,000 Used on multiple jobs
1. How much of the raw materials cost would be added to the Work in Process Inventory account during the period?
2. How much of the raw materials costs would be added to the Manufacturing Overhead account?
3. Compute the ending balance in the Raw Materials Inventory account.