M2-13 (Algo) Recording the Purchase and Issue of Raw Materials [LO 2-2, 2-4] Fairfield Company's raw materials inventory transactions for the most recent month are summarized here: Beginning raw materials Purchases of raw materials Raw materials issued Materials requisition 1445 Materials requisition 1446 Materials requisition 1447 $ 10,500 111,000 45,500 For Job 101 32,500 For Job 102 13,500 Used on multiple jobs 1. How much of the raw materials cost would be added to the Work in Process Inventory account during the period? 2. How much of the raw materials costs would be added to the Manufacturing Overhead account? 3. Compute the ending balance in the Raw Materials Inventory account. 1. Direct Materials 2. Indirect Materials 3. Ending Balance