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Issuance of Materials On May 7, Hatch Company purchased on account 780 units of raw materials at $10 per unit. During May, raw materials were

Issuance of Materials

On May 7, Hatch Company purchased on account 780 units of raw materials at $10 per unit. During May, raw materials were requisitioned for production as follows: 335 units for Job 200 at $8 per unit and 289 units for Job 305 at $10 per unit.

Journalize the entry on May 7 to record the purchase.

May 7

Journalize the entry on May 31 to record the requisition from the materials storeroom.

May 31

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