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3-18 Understanding the entries in the Materials Control account The Materials Control agcount balances were $20 000 on 1 June and $10 000 on
3-18 Understanding the entries in the Materials Control account The Materials Control agcount balances were $20 000 on 1 June and $10 000 on 30 June. Raw materials purchased during June cost $60 000. Direct materials issued to production during June were 355 000:" Required: Ajournal entry to record the cost of raw materials issued as indirect materials during June.
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