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During the current month, a company that uses job order costing purchases $88,000 in raw materials for cash. It then uses $23,000 of raw materials
During the current month, a company that uses job order costing purchases $88,000 in raw materials for cash. It then uses $23,000 of raw materials indirectly as factory supplies and uses $56,900 of raw materials as direct materials. Prepare journal entries to record these three transactions
Journal entry worksheet
- Record the raw materials purchase for $88,000, paid in cash.
Note: Enter debits before credits.
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- Record the cost of raw materials used indirectly in production.
Note: Enter debits before credits.
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- Record the cost of raw materials used directly in production.
Note: Enter debits before credits.
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