Homework Answers
Solution:
| Transaction | Account Title | Debit | Credit |
| a. | Raw material inventory | 210000 | |
| Cash | 210000 | ||
| (To record purchase of raw materials on account) | |||
| b. | Work in process inventory (43000+210000-52000-15000) | 186000 | |
| Raw materials inventory | 186000 | ||
| c. | Manufacturing overhead | 15000 | |
| Raw materials inventory | 15000 |
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