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A manufacturers Raw Materials Inventory account appears as follows: Raw Materials Inventory Debit Credit Beginning 26,400 Purchases 101,400 85,600 Direct materials used 16,400 Indirect materials
A manufacturers Raw Materials Inventory account appears as follows: Raw Materials Inventory Debit Credit Beginning 26,400 Purchases 101,400 85,600 Direct materials used 16,400 Indirect materials used Ending 25,800 All raw materials purchases are made on credit. Prepare journal entries to record the: Purchase of raw materials. Direct materials used
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