On May 7, 2022, materials were purchased 60% in cash and the rest on account for a total of $70,000, of which $48,000 are direct materials and the rest indirect materials. On May 9, $36,000 in direct materials and $ 12,000 in indirect materials. On May 15, the rest of the direct and indirect materials were requested in production.

Requested:

1. Record the transactions in the journal. 

2. Calculate the balance of the materials inventory account