Noelke Industries had a Raw Materials Inventory account balance of $27,388 on June 1. During the month of June, Noelke had the following transactions: 1. Purchased $345,000 of lumber. 2. Purchased $184,000 of steel. 3. Spent $1,867 on freight charges. 4. Received a credit of $3,450 for their lumber order. 5. Returned $6,430 of flawed lumber. 6. Used $353,000 of lumber. 7. Used $181,000 of steel. What is the balance of the Raw Materials Inventory account on June 30?