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Issuance of Materials On May 7, Keenan Company purchased on account 490 units of raw materials at $15 per unit. During May, raw materials were
Issuance of Materials On May 7, Keenan Company purchased on account 490 units of raw materials at $15 per unit. During May, raw materials were requisitioned for production as follows: 196 units for Job 200 at $11 per unit and 220 units for Job 305 at $15 per unit. Journalize the entry on May 7 to record the purchase. If an amount box does not require an entry, leave it blank. May 7 Journalize the entry on May 31 to record the requisition from the materials storeroom. If an amount box does not require an entry, leave it blank. May 31
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