Entries for Product Cost Flow

Record the following transactions that occurred during March 2019 for Harris Manufacturing Company, which uses the perpetual inventory system:

Mar. 12 Transferred $50,000 of completed goods from the factory to the warehouse.

15 Requisitioned $30,000 of materials for use in the factory as direct materials and $5,000 for indirect materials.

18 Sold goods costing $40,000 for $60,000 on account.

General Journal
Date	Description		Debit	Credit
Mar. 12	Answer		Answer	Answer
	Answer		Answer	Answer
	To record the transfer of completed goods.
Mar. 15	Work in process inventory		Answer	Answer
	Answer		Answer	Answer
	Answer		Answer	Answer
	To record the requisitioning of material.
Mar. 18	Answer		Answer	Answer
	Answer		Answer	Answer
	To record the sale of goods on account.
Mar. 18	Answer		Answer	Answer
	Answer		Answer	Answer
	To record the cost of goods sold.