Ask Question
9 December, 19:19

Entry for Issuing Materials Materials issued for the current month are as follows: Requisition No. Material Job No. Amount 201 Aluminum 500 $88,700 202 Plastic 503 27,600 203 Rubber 504 3,650 204 Glue Indirect 2,250 205 Steel 510 38,750 Journalize the entry to record the issuance of materials. For a compound transaction, if an amount box does not require an entry, leave it blank.

+1
Answers (1)
  1. 9 December, 20:13
    0
    The journal entry is as follows:

    Work in process A/c Dr. $158,700

    Manufacturing overhead A/c Dr. $2,250

    To Raw material inventory $160,950

    (To record the issuance of materials)

    Workings:

    Work in process is debited with direct material:

    = 88,700 + 27,600 + 3,650 + 38,750

    = $158,700

    Manufacturing overhead debited with indirect material cost = $2,250
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Entry for Issuing Materials Materials issued for the current month are as follows: Requisition No. Material Job No. Amount 201 Aluminum 500 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers