Question

Azalea Company makes artificial flowers and reports the following data for the month Oick the icon to view the data) Joure the res relating to materials and labor Record fast the credits Exclude explanations from ouma s ) Data Table Accounts Debit Credit 57,000 Purchases of materials on accounts Materials requisitions - Direct materials Indirect materials Labor incurred (not yet paid Direct labor 600 Next, journalize the entry to record raw materials used in production Accounts Debit Credit Print Done

Answer 1

Solution'- Jonrnal Entries Credit ($) Debitl$) No. ACCOunts Tible and Explanabion $57,000 1 Raw Materials Inventory $57,000 ACGOUNES payable Lto xecord purchase cf yao makevials on accounb) 2. workain- progress Inventory nanufactuving ovey head Raw Materials. Inventory $ 38;200 G00 $38,800 (to yecona Raw PYoduction) maberials. usedin 3. wosk-in-pYdgyess Inventory $23,500 $ l,790 Manufacburing overhead $25, 290 wages Payable (to yecord Laboy incuryed in Ayadiction)

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