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Question 2 (10 marks): ABC company manufactures solid oak wood desks. Journalize the following transactions using T account: 1. Purchased raw materials of $100,000 on

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Question 2 (10 marks): ABC company manufactures solid oak wood desks. Journalize the following transactions using T account: 1. Purchased raw materials of $100,000 on account. 2. Materials costing $80,000 were used for production. $30,000 of that were indirect materials. 3. Time tickets show that direct labour of $20,000 and indirect labour of $4,000 were incurred (not paid yet). ttttt

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