Question: Hotwax makes surfboard wax in two sequential processes. This period, Hotwax purchased $78,000 in raw materials. Its mixing department requisitioned $52,000 of those materials for

Hotwax makes surfboard wax in two sequential processes. This period, Hotwax

Hotwax makes surfboard wax in two sequential processes. This period, Hotwax purchased $78,000 in raw materials. Its mixing department requisitioned $52,000 of those materials for use in production. Prepare journal entries to record its purchase of raw materials and requisition of direct materials. View transaction list Journal entry worksheet

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