Pack Rite 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.

Journalize the entries to record the transactions.

Begin by recording the joumal entry for the purchases of materials. $($Record debils first, then credits. Select the explanation on the last line of the joumal entry table.$)$

$\backslash$table$[[$Accounts and Explanation,Debit,Credit,$],[$Raw Materials Inveritory,,,$],[$Accounts Payable,,,$],[,,,],[,,,]]$

Now record a single joumal enty for the materials used.

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[,$Work$-$in$-$Process Inventory,,$],[,$Manufacturing Overhead,,$],[,$Raw Materials Inventory,,$],[,,,],[,,,]]$

Post these transactions to the Raw Materials Inventory account and determine the ending balance in Raw Materials Inventory.

$\backslash$table$[[$Raw Materials Inventory$]]$

Data table

$\backslash$table$[[$Raw Materials Inventory, beginning balance,$34,000],[$Purchases of canvas, on account,$76,000],[$Purchases of sewing machine lubricating oil, on account,$1,100],[$Material requisitions:,$66,000],[$Canvas$,150]]$