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Per the lease agreement, which requires the first three months' rent be paid in advance, Bearkat Bicycles paid $6,000 to Sunset Run Properties to
Per the lease agreement, which requires the first three months' rent be paid in advance, Bearkat Bicycles paid $6,000 to Sunset Run Properties to lease 1,000 square feet of retail space with a check. To fill the orders received, raw materials were purchased for $20,000. Direct materials amounted to $15,000 and indirect materials amounted to $5,000. Materials were requisitioned into production. Below is a summary of the requisition forms: Requisition No. 123 124 125 Job 14 16 17 Direct s 700 $2,500 $3,250 Indirect s 275 s 500 s 800
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