Mountain Packs manufactures backpacks. Its plant records include the following materials-related data: (Click the icon to view the transactions.) Joumalize the entries to record the transactions, post to the Raw Materials Inventory account, and determine the ending balance in Raw Materials Inventory 3000 multum in the numal entry for the purchases of materials. (Record debits first, then credits. Exclude explanations from any journal entries.) $ 34,000 66,000 700 Raw Materials Inventory, beginning balance Purchases of canvas, on account Purchases of sewing machine lubricating oil, on account Material requisitions: 59,000 Canvas 150 Sewing machine lubricating oil lze ule Begin by recording the journal entry for the purchases of materials. (Record debits first, then credits. Exclude explanation Accounts Debit Date Credit 66,700 Raw Materials Inventory Accounts Payable 66,700 Now record a single journal entry for the materials used. Debit Credit Date Accounts 59,000 150 Work-in-Process Inventory Manufacturing Overhead Raw Materials Inventory 59,150 Post these transactions to the Raw Materials Inventory account and determine the ending balance in Raw Materials Inventu Raw Materials Inventory Bal. Bal. Purchased Moln Mo Sobre This Dom Used Get More Help