In January, Dieker Company requisitions raw materials for production as follows: Job 1 $960, Job 2 $1,400, Job 3 $760, and general factory use $620. Prepare a summary journal entry to record raw materials used. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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21 August, 01:32

In January, Dieker Company requisitions raw materials for production as follows: Job 1 $960, Job 2 $1,400, Job 3 $760, and general factory use $620. Prepare a summary journal entry to record raw materials used. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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Ansley Fowler · Answer 1

Prepare a summary journal entry to record raw materials used

Explanation:

Work in process Inventory = 960+1400+760 = 3120

Manufacturing Overhead 620

Raw material Inventory 3740