Cost accounting Problem 1. Materials control procedures Match the materials control form in the left column with the person responsible for its preparation in the right column. (A selection may be used more than once.) a. Purchase requisition 1. Production department supervisor b. Purchase order 2. Storeroom keeper C Receiving report 3. Purchasing agent d. Debit-credit memo 4. Receiving dark e. Materials requisition 5. Accountant Problem 2. Recording materials transactions Prepare a journal entry to record each of the following materials transactions: 3. Total materials purchased on account during the month amounted to F200,000. 3. Direct materials requisitioned for the month totaled P175,000. c Indirect materials requisitioned during the month totaled F12 000. d. Direct materials returned to the storeroom from the factory amounted to P2.500. Total materials returned to vendor during the month amounted to F1,800. f. Payment during the month for materials purchases totaled F165,000