During June, Briganti Corporation purchased $91,000 of raw materials on credit to add to its...
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Accounting
During June, Briganti Corporation purchased $91,000 of raw materials on credit to add to its raw materials inventory. A total of $76,000 of raw materials was requisitioned from the storeroom for use in production. These requisitioned raw materials included $16,000 of indirect materials. Required: Prepare journal entries to record the purchase of materials and their use in production. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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