ouTube Maps Repayment Plans MyFedLoan Applications | Gul... hapter 16 Homework Savest 7 QS 16-23 (Algo) Recording costs of materials LO P3 Hotwax makes surfboard wax in two sequential processes. This period, Hotwax purchased $71,000 of raw materials on credit. Its Mixing department requisitioned $63,500 of direct materials for use in production. Prepare journal entries to record its purchase of raw materials and requisition of direct materials. look Pryt ences View transaction list Journal entry worksheet < Record purchase of raw materials inventory on account. Help Save & E Che View transaction list Journal entry worksheet 1 2 Book Print Ferences Record purchase of raw materials inventory on account. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 ces Record direct materials used in production. Note: Enter debits before credits. Transaction b General Journal Debit Credit View general journal Record entry Clear entry