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Libby and Lacey Company had the following business transactions this year. Prepare the following journal entry (round to the nearest whole dollar): Raw Materials in

image text in transcribed Libby and Lacey Company had the following business transactions this year. Prepare the following journal entry (round to the nearest whole dollar): Raw Materials in the inventory were requisitioned; the total dollar amount was $295,000. 70% of the total was for direct material, and 30% was for indirect material

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