Question

During June, Mushrif Corporation purchased SAR 76,000 of raw materials on credit to add to its...

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. [1 Mark]

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