Question: NOTE** Please use 200 words. Instructions: Explain and provide an example for the following job order cost system entries: initial purchase of raw materials, the

NOTE** Please use 200 words.

Instructions:

Explain and provide an example for the following job order cost system entries: initial purchase of raw materials, the requisition of materials from the warehouse to the production floor, and factory labor used in production. For each journal entry, identify if the cost being recorded is a product cost o r a period cost.

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