141.Define and discuss the two main types of cost accounting systems for manufacturing operations. What are theirsimilarities and differences? 142.Record the journal entries for the following...

141.Define and discuss the two main types of cost accounting systems for manufacturing operations. What are theirsimilarities and differences?

142.Record the journal entries for the following transactions:

1.March 10: 500 units of raw materials were purchased on account at $4.00 per unit.

2.March 15: 250 units of raw materials were requisitioned at $4.50 per unit for production, Job 872.

3.March 25: 215 units of raw materials were requisitioned at $5.00 per unit for production, Job 879.

143.The Cavy Company accumulated 560 hours of direct labor on Job 345 and 800 hours on Job 777. The direct laborwas incurred at a rate of $20 per direct labor hour for Job 345 and $21 per direct labor for Job 777. Journalize theentry to record the flow of labor costs into production.