Question

Prepare journal entries to record the following production activities. 1. Purchased $40,000 of raw materials on credit. 2. Us
Journal entry worksheet 2 3 Record materials purchased on credit. Note: Enter debits before credits. Transaction General Jour
Journal entry worksheet Record direct materials used in production. Note: Enter debits before credits. Transaction General Jo
Journal entry worksheet < 1 2 3 Record indirect materials used in production. Note: Enter debits before credits Transaction G
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Answer #1

1

Raw Material Inventory A/c Dr.

40000

To Accounts Payable

40000

(Being Raw material purchased on credit)

2

WIP Inventory-Roasting Department A/c Dr.

17000

To Raw Material Inventory

17000

(Being Raw material Transferred to Production Process)

3

Overhead A/c Dr.

21000

To Raw Material Inventory

21000

(Being Indirect Material issued in Production)

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