Entries for Product Cost Flow

The following transactions occurred during January for Richards Manufacturing Company:

Jan. $5$ Acquired $$14,400$ of material on account that will be used to produce product for resale.

$11$ Requisitioned $$12,000$ of material for use as direct material in the factory.

$16$ Completed the manufacturing of products with a total product cost of $$52,800$ and transferred them to the warehouse.

Record these transactions in general journal form. Assume that Richards Manufacturing Company uses the perpetual inventory system.