Hotwax makes surfboard wax in a single operation. This period, Hotwax purchased $76,000 in raw materials. Its production department requisitioned $56,500 of those materials for use in production. Prepare journal entries to record its purchase of raw materials and direct materials.

Journal entry worksheet

• Record purchase of raw materials inventory for cash.

Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
1

Journal entry worksheet

• Record direct materials used in production.

Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
2