2. Prepare a summary journal entry to record raw materials used. Prepare separate journal entries for each manufacturing cost. 10 puntos

1. Purchased raw materials on account, $85,000.

2. Raw Materials of $30,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,000 was classified as indirect materials.

3. Factory labor costs incurred were $100,000 of which $80,000 pertained to factory wages payable and $20,000 pertained to employer payroll taxes payable.

4. Time tickets indicated that $84,000 was direct labor and $16,000 was indirect labor.

5. Overhead costs incurred on account were $112,000.