Goldenrod Company makes artificial flowers and reports the following data for the month. (Click the icon to view the data.) Journallze the entries relating to materials and labor. (Record debits first, then credits. Exclude explanations from joumal entries,) Begin by journalizing the entry for the purchase of materials on account. Next, journalize the entry to record raw materials used in production. Accounts Payable Accounts Receivable Cash Cost of Goods Sold Finished Goods Inventory Manufacturing Overhead Raw Materials Inventory Sales Revenue Wages Payable Work-in-Process Inventory Purchases of materials, on account 56,000 Materials requisitions: Direct materials 43,400 Indirect materials Labor incurred (not yet paid): Direct labor 19,800 \begin{tabular}{l} Indirect labor \\ \hline \end{tabular}