26.)

12 Badr Industries purchased $60,000 of raw materials on account during the month of February. The beginning Raw Materials Inventory balance was $4,200, and the materials used to complete jobs during the month were $36,000 of direct materials and $16,000 of indirect materials. Factory wages paid in cash totaled $120,000 of which 45% is indirect labor. Assume that raw materials account includes direct and indirect materials. Part 1: Prepare journal entries in proper form for for the following for February a. Purchase of raw materials on account. b. Direct materials used in production c. Indirect materials used in production d. Direct labor used in production e. Indirect labor used in production Part 2: What is the ending balance in raw materials inventory