urrent Attempt in Progress Your answer is partially correct. Ivanhoe Company purchases $43,000 of raw materials on account, and it incurs $51,600 of factory labor costs. Journalize the two transactions on March 31, assuming the labor costs are not paid until April. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation 11 Work in Process-Finishing Raw Materials Inventory (To record raw materials purchased) 11 Work in Process-Finishing Factory Labor (To record factory labor costs) Debit 22360 21500 Credit 43000 51600