easy packs manufactures backpacks, its plant record include the following materials-related data : raw materials inventory beginning balance 31,000. purchass of canvas on account 69,000. purchases of sewing machine lubricating oil on account 1,000. material / requisitions: canvas 64,000, sewing machine lubricating oil 500.journalize the entries to record the transactions post to the raw materials inventory account, and determine the ending balance in raw materials inventory.1. journalize the entries to record the transactions, begin by recording the journal entry for the purchase of materials. (record debits first, then credits. exclude explanations from any journal entries) 2. now record a single journal entry for the material used. 3. put these transactions to the raw materials inventory account and determine the ending balance in raw materials inventory.