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2. 3. On August 4, Carrothers Company purchased on account 530 units of materials at $19 per unit. During August, raw materials were requisitioned for
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On August 4, Carrothers Company purchased on account 530 units of materials at $19 per unit. During August, raw materials were requisitioned for production as follows: 217 units for Job 50 at $15 per unit and 201 units for Job 56 at $19 per unit. Journalize the entry on August 4 to record the purchase. If an amount box does not require an entry, leave it blank. During August, Carrothers Company accumulated 610 hours of direct labor costs on Job 50 and 630 hours on Job 56 . The total direct labor was incurred at a rate of $2 per direct labor hour for Job 50 and \$23 per direct labor hour for Job 56. Journalize the entry to record the flow of labor costs into production during August. If an amount box does not require an entry, leave it blankStep by Step Solution
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