Material C, . Material D, Job 10 Material D, Job 11 Factory supplies Factory supplies 12 18 21 114 115 116 117 118 2,000 1.300 23 28 30 or the materials requisitic Prepare a summary journal entry f Prepare a journal entry to record each of the following matei a. Total materials purchased on account during the mon Recording materials transactions transactions: amounted to $200,000. b. Direct materials requisitioned for the month totaled $175,00 c. Indirect materials requisitioned during the month totale $12,000. d. Direct materials returned to the storeroom from the factor amounted to $2,500 e. Total materials returned to vendor during the mont amounted to $1,800. f. Payment during the month for materials purchase account totaled $165,000. FIFO costing Using first-in, first-out; perpetual inventory costing; and the lowing information, determine the cost of materials u the cost of the July 31 inventory: July 1 Balance on hand, 1,000 yd of linen @ $4.00 each. 3 Issued 250 yd. 5 Received 500 yd 6 Issued 150 yd. 10 Issued 110 yd. $4.50 each