Issuance of Materials

On August 4, Carrothers Company purchased on account 540 units of materials at $24 per unit. During August, raw materials were requisitioned for production as follows: 194 units for Job 50 at $20 per unit and 184 units for Job 56 at $24 per unit.

Question Content Area

Journalize the entry on August 4 to record the purchase. If an amount box does not require an entry, leave it blank.

Aug. 4	Accounts PayableFactory OverheadFinished GoodsMaterialsWages Payable	- Select -	- Select -
	Accounts PayableCashFinished GoodsMaterialsWages Payable	- Select -	- Select -

Question Content Area

Journalize the entry on August 31 to record the requisition from the materials storeroom. If an amount box does not require an entry, leave it blank.

Aug. 31	Factory OverheadFinished GoodsMaterialsWages PayableWork in Process	- Select -	- Select -
	CashFinished GoodsMaterialsWages PayableWork in Process	- Select -	- Select -