Backflush costing (Appendix)

LO₅ JRJ Company uses backflush costing to account for its manufacturing costs.

Prepare journal entries to account for the following:

a. Purchased raw materials, on account, $80,000.

b. Requisitioned raw materials to production, $40,000.

c. Distributed direct labor costs, $ 1 0,000.

d. Manufacturing overhead costs incurred, $60,000. (Use Various Credits for the account in the credit part of the entry.)