Question 02: Marks: 10 Levis Manufacturing Company maintains the following accounts in the general ledger: Materials, Work in Process, Factory Overhead, and Accounts Payable. On June 1, the materials account had a debit balance of $5,000. Following is a summary of materials transactions for the month of June 1. Materials purchased, $23,000. 2. Direct materials requisitioned to production, $18000 3. Direct materials returned to storeroom, $1,500 4. Indirect materials requisitioned to production, $3000. 5. Indirect materials returned to storeroom, $400. Prepare journal entries to record the materials transactions