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Journalize the following transactions for Combs Company. (a) Purchased 5,900 units of raw materials on account for $11,200. The standard cost was $11,800. (b) Issued
Journalize the following transactions for Combs Company. (a) Purchased 5,900 units of raw materials on account for $11,200. The standard cost was $11,800. (b) Issued 5,800 units of raw materials for production. The standard units were 5,900. (Credit account titles are automatically indented when amount is entered. Do not indent manually. No. Account Titles and Explanation (a) Raw Materials Inventory Debit Credit 11800 Materials Price Variance 600 Accounts Payable 2200 (b) Work in Process Inventory Materials Quantity Variance Raw Materials Inventory Click if you would like to Show Work for this question: Open Show Work
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