22. Raw Materials Inventory Journal Entries. 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 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. 2