Entries for Product Cost Flow

Record the following transactions that occurred during April for Boyd Manufacturing Corporation, which uses the perpetual inventory system:

Apr. $21$ Transferred $$480,000$ of completed goods from the factory to the warehouse.

$25$ Requisitioned $$270,000$ of materials for use in the factory as direct materials and $$60,000$ for indirect materials.

$28$ Sold goods costing $$180,000$ for $$300,000$ on account.

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