ayland Manufacturing uses a normal cost system and had the following data available for 20X5: Direct materials purchased on account $ 74,000 Direct materials requisitioned 41,000 Direct labor cost incurred 65,000 Factory overhead incurred 73,000 Cost of goods completed 146,000 Cost of goods sold 128,000 Beginning direct materials inventory 13,000 Beginning WIP inventory 32,000 Beginning finished goods inventory 29,000 Overhead application rate, as a percent of direct-labor costs 125 % The journal entry to record the materials placed into production would include a: (Points : 4) credit to Direct Materials Inventory for $41,000 debit to Direct Materials Inventory for $74,000 credit to WIP Inventory for $41,000 debit to WIP Inventory for $74,000 6. Using the data from #5: The ending balance of direct materials inventory is: (Points : 4) $54,000 $87,000 $41,000 $46,000