EXERCISE $2-7.$ Recording Material Cost in Job$-$Order Costing $[$LO $2,4]$ Five material requisitions $($MR$)$ forms were received by the materials storeroom of the Saint Louis Foundry during the first week of $2014.$ MR$101$ was for $$250$ of direct materials for job number $1501.$ MR$102$ was for $$350$ of direct materials for job number $1502.$ MR$103$ was for $$100$ of indirect materials issued to the factory floor. MR $104$ was for $$400$ of direct materials issued to job number $1501.$ MR$105$ was for $$500$ of direct materials issued to job number $1503.$Prepare summary jounral entries to record issuance is these materials$($ Hint there should be a seperate journal entry gor direct and indirect materials