Refer to the information in M2-8. 1. Prepare the journal entry to record the purchase of raw

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Refer to the information in M2-8.

1. Prepare the journal entry to record the purchase of raw materials.
2. Prepare the journal entry to record the issuance of raw materials toproduction.

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Managerial Accounting

ISBN: 978-0078025518

2nd edition

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

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Question Posted: Feb 27, 2015 09:37 AM

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Refer to the information in M2-8. 1. Prepare the journal entry to record the purchase of raw

Question:

Beginning raw materials Purchases of raw materials Raw materials issued $20,000 Materials requisition 1445 Materials requisition 1446 Materials requisition 1447 90,000 25,000 30,000 For Job 101 For Job 102 Used on multiple jobs

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Req 1 Raw Materials Inventory 90000 ...View the full answer

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