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materials. (Record deb i Data Table $ Raw Materials Inventory, beginning balance Purchases of canvas, on account Purchases of
This Question: 1 pt 14 of 15 (0 complete) Pack n Go manufactures backpacks. Its plant records include the following material
Date Accounts Debit Credit Post these transactions to the Raw Materials Inventory account and determine the ending balance in
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Answer #1
Date Accounts Debit Credit
Raw materials inventory ($68000+1100) $69100
Accounts payable $69100
(To record raw materials purchased on account)
Work in process $64000
Manufacturing overhead $500
Raw materials inventory($64000+500) $64500
(To record materials used)
Raw materials inventory
Beg. bal. $34000 Used 64500
Purchases 69100
End. bal. $38600
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