1.) Issuance of Materials

On August 4, Hatch Company purchased on account 800 units of raw materials at $24 per unit. During August, raw materials were requisitioned for production as follows: 296 units for Job 40 at $22 per unit and 360 units for Job 42 at $24 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

2.) Factory Overhead Costs

During August, Keenan Company incurred factory overhead costs as follows: indirect materials, $3,760; indirect labor, $5,690; utilities cost, $1,430; and factory depreciation, $3,440.

Journalize the entry to record the factory overhead incurred during August.

For a compound transaction, if an amount box does not require an entry, leave it blank.