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Prepare journal entries to record the purchase of materials

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Question: During June, Mushrif Corporation purchased SAR 76,000 of raw materials on credit to add to its raw materials inventory. A total of SAR 81,000 of raw materials was requisitioned from the storeroom for use in production. These requisitioned raw materials included SAR 5,000 of indirect materials.

Required: Prepare journal entries to record the purchase of materials and their use in production.

Reference no: EM132718023

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