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A manufacturer's Raw Materials Inventory account appears as follows:Raw Materials InventoryDebitCreditBeginning 2 6 , 0 0 0 Purchases 8 4 , 0 0 0 Direct

A manufacturer's Raw Materials Inventory account appears as follows:Raw Materials InventoryDebitCreditBeginning26,000Purchases84,000Direct materials used16,000Indirect materials usedEnding27,000All raw materials purchases are made on credit. Prepare journal entries to record the1. Purchase of raw materials.2. Direct materials used.3. Indirect materials used.

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