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During June, Briganti Corporation purchased $88,000 of raw materials on credit to add to its raw materials inventory. A total of $73,000 of raw materials
During June, Briganti Corporation purchased $88,000 of raw materials on credit to add to its raw materials inventory. A total of $73,000 of raw materials was requisitioned from the storeroom for use in production. These requisitioned raw materials included $13,000 of indirect materials.
Required:
Prepare journal entries to record the purchase of materials and their use in production. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Journal entry worksheet 2 Record the purchase of materials. Note: Enter debits before credits. Transaction General Journal Debit Credit Journal entry worksheet 2 Record the materials used in production. Note: Enter debits before credits. Transaction General Journal Debit Credit 2
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