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Issuance of Materials On August 4, Keenan Company purchased on account 540 units of raw materials at $19 per unit. During August, raw materials were
Issuance of Materials On August 4, Keenan Company purchased on account 540 units of raw materials at $19 per unit. During August, raw materials were requisitioned for production as follows: 227 units for Job 40 at $16 per unit and 227 units for Job 42 at $19 per unit. Journalize the entry on August 4 to record the purchase. Aug. 4 Journalize the entry on August 31 to record the requisition from the materials storeroom. Aug. 31
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