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Exerclise 16-21 Recording costs of materials LO P1 Prepare journal entries to record the following production activities. 1. Purchased $50,000 of raw materials on credit.

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Exerclise 16-21 Recording costs of materials LO P1 Prepare journal entries to record the following production activities. 1. Purchased $50,000 of raw materials on credit. 2. Used $16,000 of direct materials in production. 3. Used $22,500 of indirect materials in production. Journal entry worksheet Record materials purchased on credit. Note: Enter debits before credits. Transaction General Journal Debit Credit Record eniry Clear etry View general journal Journal entry worksheet Record direct materials used in production. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record indirect materials used in production. Note: Enter debits before credits General Journal DebitCredit Record entry Clear entry View gunerat journal

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