The balance in Sly Company’s raw materials inventory account was $45,000 at the beginning of April. Raw materials purchased during the month totaled $55,000. Sly used $48,000 in direct materials and $14,000 in indirect materials for the month. 

Required:

a. Prepare separate journal entries to record the following items:

1. Raw materials purchased for the month, assuming all purchases were on account 

2. The transfer of direct materials into production 

3. The transfer of indirect materials into production

b. Prepare a T-account for raw materials inventory and include the beginning balance for April. Post the appropriate items from the journal entries in part a to this account, and calculate the ending balance in raw materials inventory.