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Show the perpetual inventory system

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Prepare the necessary journal entries from the following information for Bonnie's Corp which uses a perpetual inventory system.

a. Purchased raw material on account, $56,700.

b. Requisitioned raw materials for production as follows: direct material 80% of purchases; indirect material 15% of purch.

Reference no: EM13299272

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Show the perpetual inventory system : Prepare the necessary journal entries from the following information for Bonnie's Corp which uses a perpetual inventory system.
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