QS 19-4 Raw materials journal entries LO P1 During the current month, a company that uses...

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QS 19-4 Raw materials journal entries LO P1 During the current month, a company that uses job order costing purchases $66,000 in raw materials for cash. It then uses $16,000 of raw materials indirectly as factory supplies and uses $40,400 of raw materials as direct materials. Prepare journal entries to record these three transactions A No Transaction 1 B 2 > Answer is complete but not entirely correct. Raw materials inventory Cash General Journal >> Debit Credit 66,000 66,000 Factory overhead Raw materials inventory 17,000 17,000 3 Work in process inventory 37,300 Raw materials inventory 37,300 QS 19-4 Raw materials journal entries LO P1 During the current month, a company that uses job order costing purchases $66,000 in raw materials for cash. It then uses $16,000 of raw materials indirectly as factory supplies and uses $40,400 of raw materials as direct materials. Prepare journal entries to record these three transactions A No Transaction 1 B 2 > Answer is complete but not entirely correct. Raw materials inventory Cash General Journal >> Debit Credit 66,000 66,000 Factory overhead Raw materials inventory 17,000 17,000 3 Work in process inventory 37,300 Raw materials inventory 37,300