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Prepare journal entries to record the purchase of materials

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Question - During June, Catlin Corporation purchased $76,000 of raw materials on credit to add to its raw materials inventory. A total of $81,000 of raw materials was requisitioned from the storeroom for use in production. These requisitioned raw materials included $5,000 of indirect materials.

Required: Prepare journal entries to record the purchase of materials and their use in production.

Reference no: EM131700235

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