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A manufacturer's Raw Materials Inventory account appears as follows: Raw Materials Inventory Debit Credit Beginning Purchases 25,800 100,800 83,200 Direct materials used 15,800 Indirect
A manufacturer's Raw Materials Inventory account appears as follows: Raw Materials Inventory Debit Credit Beginning Purchases 25,800 100,800 83,200 Direct materials used 15,800 Indirect materials used Ending 27,600 All raw materials purchases are made on credit. Prepare journal entries to record the 1. Purchase of raw materials. 2. Direct materials used. 3. Indirect materials used.
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappetta
22nd edition
9781259566905, 978-0-07-76328, 77862279, 1259566900, 0-07-763289-3, 978-0077862275
