During the current month, a company that uses a job order cost accounting system purchases $50,000 in raw materials for cash. It then uses $12,000 of raw materials indirectly as factory supplies and uses $32,000 of raw materials as direct materials. Prepare entries to record these three transactions in the given order.

Journal Entry Worksheet

Record the raw materials purchase for $50,000.

Record the raw materials used indirectly in production.

Record the raw materials used directly in production.

Event

General Journal

Debit

Credit

1	Raw materials inventory	50,000
	Cash

*Enter debits before credits