Issuance of materials OBJ. 2 On August 4, Rothchild Company purchased on account 12,000 units of raw materials at

$14 per unit. On August 24, raw materials were requisitioned for production as follows:

5,000 units for Job 40 at $8 per unit and 6,200 units for Job 42 at $14 per unit. Journalize the entry on August 4 to record the purchase and on August 24 to record the requisition from the materials storeroom.