During its first month of operation, Portia Company purchased $90,000 of materials on account and requisitioned $64,000

Question:

During its first month of operation, Portia Company purchased $90,000 of materials on account and requisitioned $64,000 of materials for use in production. The company recorded $30,000 of direct labor cost and applied $20,000 of manufacturing overhead. Prepare Portia’s journal entries to record these events.