uly 1t ABC Company has no work in process and purchases $100,000 of Raw Materials on credit. ABC's production manager requisitions 80% into the production process on July 5th ABC finishes making 60% of the work in process on July 8th. On July 10th ABC sell 50% of the goods that were finished on July 8" for $75,000 Cash. What are the Journal entries on July 1t, July 5th, July gth, and July 10h2 (Hint: July 10th has 2 entries). of the raw materials