Question 20 (Mandatory) (2.5 points) Materials purchased on account during the month amounted to $195,000. Materials requisitioned and placed in production totaled $168,000. From the following, select the entry to record the transaction on the day the materials were bought. Materials 168,000 Accounts Payable 168,000 Materials 195,000 Accounts Payable 195,000 Materials 195,000 Cash 195,000 Accounts Payable 195,000 Materials 195,000 Question 21 (Mandatory) (2.5 points Which types of inventories does a manufacturing business report on the balance sheet? Finished goods inventory and work in process inventory Direct materials inventory and work in process inventory Direct materials inventory. work in process inventory, and finished goods inventory Direct materials inventory and finished goods inventory