During the current month, a company that uses job order costing purchases $98,000 in raw materials for cash. It then uses $13,000 of raw materials indirectly as factory supplies and uses $75,100 of raw materials as direct materials. Prepare journal entries to record these three transactions

                                         JOURNAL

Account Titles and Explanation           Debit          Credit

Raw Material inventory                           $98,000

Cash                                                                            $98,000

(To record the raw material purchased for cash)

Factory Supplies                                      $13,000

Raw material inventory                                                $13,000

(To record the usage of raw materials as supplies)

Work in Progress inventory                      $75,100

Raw material inventory                                                  $75,100

(To record the usage of raw materials in production)

answer; the nav calculated at the market close at 4: 00 pm new york time;