Homework Answers
| Date | Accounts titles and explanation | Debit | Credit |
| Aug. 14 | Materials | $7,260 | |
| ...Accounts Payable (660 * $11) | $7,260 | ||
| (To record the purchase of raw materials) | |||
| Aug. 31 | Work in process [(198 * $9) + (284 * $11)] | $4,906 | |
| ...Materials | $4,906 | ||
| (To record requisition of material for production) |
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On August 4, Darling Company purchased on account 660 units of raw materials at $11 per...
Issuance of Materials On August 4, Jernigan Company purchased on account 760 units of raw materials...
Issuance of Materials On August 4, Jernigan Company purchased on account 760 units of raw materials at $22 per unit. During August, raw materials were requisitioned for production as follows: 289 unit for Job 40 at $18 per unit and 312 units for Job 42 at $22 per unit. Journalize the entry on August 4 to record the purchase. Aug. 4 Journalize the entry on August 31 to record the requisition from the materials storeroom. Aug. 31
Issuance of Materials On August 4, Rothchild Company purchased on account 12,000 units of raw materials...
Issuance of Materials On August 4, Rothchild Company purchased on account 12,000 units of raw materials at $14 per unit. During August, raw materials were requisitioned for production as follows: 5,000 units for Job 40 at $8 per unit and 6,200 units for Job 42 at $14 per unit. Journalize the entry on August 4 to record the purchase. Aug. 4 Journalize the entry on August 31 to record the requisition from the materials storeroom. Aug. 31 Accounts Payable Accounts...
Issuance of Materials On May 7, Darling Company purchased on account 770 units of raw materials...
Issuance of Materials On May 7, Darling Company purchased on account 770 units of raw materials at $11 per unit. During May, raw materials were requisitioned for production as follows: 239 units for Job 200 at $8 per unit and 370 units for Job 305 at $11 per unit. Journalize the entry on May 7 to record the purchase. If an amount box does not require an entry, leave it blank. May 7 Journalize the entry on May 31 to...
Issuance of Materials On May 7, Jernigan Company purchased on account 660 units of raw materials...
Issuance of Materials On May 7, Jernigan Company purchased on account 660 units of raw materials at $13 per unit. During May, raw materials were requisitioned for production as follows: 257 units for Job 200 at $11 per unit and 323 units for Job 305 at $13 per unit. Journalize the entry on May 7 to record the purchase. If an amount box does not require an entry, leave it blank. May 7 Journalize the entry on May 31 to...
On May 7, Bergan Company purchased on account 60,500 units of raw materials at $13.00 per...
On May 7, Bergan Company purchased on account 60,500 units of raw materials at $13.00 per unit. During May, raw materials were requisitioned for production as follows: 26,600 units for Job 200 at $9.00 per unit and 26,800 units for Job 305 at $13.00 per unit. Journalize the entry on May 7 to record the purchase and on May 31 to record the requisition from the materials storeroom. Refer to the Chart of Accounts for exact wording of account titles....
On April 6, Keenan Company purchased on account 480 units of raw materials at $16 per...
On April 6, Keenan Company purchased on account 480 units of raw materials at $16 per unit. On April 21, raw materials were requisitioned for production as follows: 202 units for Job 50 at $12 per unit and 149 units for Job 51 at $16 per unit. Journalize the entry on April 6 to record the purchase. Apr. 6 Journalize the entry on April 21 to record the requisition from the materials storeroom. Apr. 21
BE 16-1 Issuance of materials Obj. 2 On May 7, Bergan Company purchased on account 10.000...
BE 16-1 Issuance of materials Obj. 2 On May 7, Bergan Company purchased on account 10.000 units of raw materials at $8 per unit. During May, raw materials were requisitioned for production as follows: 7,500 weits for Job 200 at $8 per unit and 1.480 units for Job 305 at $5 per unit Journalive the entry on May 7 to record the purchase and on May 31 to record the requisition from the materials storeroom.
Job Costs At the end of August, Darling Company had completed Jobs 40 and 42. Job...
Job Costs At the end of August, Darling Company had completed Jobs 40 and 42. Job 40 is for 200 units, and Job 42 is for 1,000 units. The following data relate to these two jobs: On August 4, raw materials were requisitioned for production as follows: 200 units for Job 40 at $10 per unit and 900 units for Job 42 at $24 per unit. During August, Darling Company accumulated 700 hours of direct labor costs on Job 40...
Job Costs At the end of August, Darling Company had completed Jobs 40 and 42. Job...
Job Costs At the end of August, Darling Company had completed Jobs 40 and 42. Job 40 is for 200 units, and Job 42 is for 2,000 units. The following data relate to these two jobs: On August 4, raw materials were requisitioned for production as follows: 400 units for Job 40 at $12 per unit and 1,500 units for Job 42 at $22 per unit. During August, Darling Company accumulated 400 hours of direct labor costs on Job 40...
During June, Briganti Corporation purchased $85,000 of raw materials on credit to add to its raw...
During June, Briganti Corporation purchased $85,000 of raw materials on credit to add to its raw materials inventory. A total of $70,000 of raw materials was requisitioned from the storeroom for use in production. These requisitioned raw materials included $10,000 of indirect materials, Required: Prepare journal entries to record the purchase of materials and their use in production. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal...
Issuance of Materials On August 4, Jernigan Company purchased on account 760 units of raw materials at $22 per unit. During August, raw materials were requisitioned for production as follows: 289 unit for Job 40 at $18 per unit and 312 units for Job 42 at $22 per unit. Journalize the entry on August 4 to record the purchase. Aug. 4 Journalize the entry on August 31 to record the requisition from the materials storeroom. Aug. 31
Issuance of Materials On August 4, Rothchild Company purchased on account 12,000 units of raw materials at $14 per unit. During August, raw materials were requisitioned for production as follows: 5,000 units for Job 40 at $8 per unit and 6,200 units for Job 42 at $14 per unit. Journalize the entry on August 4 to record the purchase. Aug. 4 Journalize the entry on August 31 to record the requisition from the materials storeroom. Aug. 31 Accounts Payable Accounts...
Issuance of Materials On May 7, Darling Company purchased on account 770 units of raw materials at $11 per unit. During May, raw materials were requisitioned for production as follows: 239 units for Job 200 at $8 per unit and 370 units for Job 305 at $11 per unit. Journalize the entry on May 7 to record the purchase. If an amount box does not require an entry, leave it blank. May 7 Journalize the entry on May 31 to...
BE 16-1 Issuance of materials Obj. 2 On May 7, Bergan Company purchased on account 10.000 units of raw materials at $8 per unit. During May, raw materials were requisitioned for production as follows: 7,500 weits for Job 200 at $8 per unit and 1.480 units for Job 305 at $5 per unit Journalive the entry on May 7 to record the purchase and on May 31 to record the requisition from the materials storeroom.
Job Costs At the end of August, Darling Company had completed Jobs 40 and 42. Job 40 is for 200 units, and Job 42 is for 2,000 units. The following data relate to these two jobs: On August 4, raw materials were requisitioned for production as follows: 400 units for Job 40 at $12 per unit and 1,500 units for Job 42 at $22 per unit. During August, Darling Company accumulated 400 hours of direct labor costs on Job 40...
During June, Briganti Corporation purchased $85,000 of raw materials on credit to add to its raw materials inventory. A total of $70,000 of raw materials was requisitioned from the storeroom for use in production. These requisitioned raw materials included $10,000 of indirect materials, Required: Prepare journal entries to record the purchase of materials and their use in production. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal...
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