Question 47 (2.5 points) Firebaugh Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: $520,000 Raw materials purchased on account Raw materials (all direct) requisitioned for use in production $ 467,000 What is the journal entry to record raw materials used in production? 520,000 Raw Materials Work In Process 520,000 467,000 Raw Materials Work In Process 467,000 Work In Process 520,000 Raw Materials 520,000 Work In Process 467,000 Raw Materials 467,000