CHAPTER 26 REVIEW, PRACTICE, AND APPLI Case Problems Leaming Objective 2 Check Figure Ending balance, Raw Materials inventory - $23,200 Group A Problem 26-1A Objective: To account for materials in a job order cost accounting system Rawson Company shows the following transactions relating to its raw materials in January 20XX 20XX Jan. 7 Purchased $18,500 of Material A and $46,100 of Material B on credit. 12 Returned $600 of Material A and $1.700 of Material B, receiving credit. 22 Issued direct materials to production: Material A. $2,500: Material B. $44.700. 29 Issued $9.100 of Material A to production as indirect materials. Directions: 1. Enter a balance of $17.200 in the Raw Materials Inventory account (108) and balances on materials ledger records as follows: Material A. $11.400; Material B. $5,800 2. Journalize each of the January transactions. 3. Post to the Raw Materials Inventory account and the materials ledger records. 4. Compare the ending balance of the Raw Materials Inventory account with the total of the ending balances of the materials ledger records