Chapter 1, Problem 10.7EC

Solve this Accounting problem

Ironforge Manufacturing, Inc., is a company that manufactures industrial equipment. During the year, Ironforge purchased $2,140,000 of direct materials and placed $1,970,000 worth of direct materials into production. Ironforge's beginning balance in the Materials Inventory account was $385,000. What is the ending balance in Ironforge's Materials Inventory account? Help

Accounting answer please