what is a summary journal entry for the materials requisitions?

b. Determine the annual order and carrying costs at the Penrose Manufacturing Inc. records the following use of materice a. Determine EOQ formula point E2-4 Journalizing materials requisitions during June: Materials Requisitions Indirect Materials Reg. No. 1 12. $1,800 Direct Date Use Materials 110 Material A, Job 10 $20,000 5 111 Material B, Job 11 18,000 9 112 Material B, Job 12 16,000 113 Factory supplies 18 114 Material C, Job 10 3,000 21 115 Material D, Job 10 9,000 23 116 Material D, Job 11 2,000 28 117 Factory supplies 1,300 30 118 Factory supplies 1,700 Prepare a summary journal entry for the materials requisitions