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Last week, Jonathan Industries had ending raw materials inventory that cost $6,000. During the week, Jonathan purchased raw materials costing $35,000, direct materials transferred to
Last week, Jonathan Industries had ending raw materials inventory that cost $6,000. During the week, Jonathan purchased raw materials costing $35,000, direct materials transferred to the factory for jobs cost $38,000, and indirect materials used in the factory cost $2,000.
a) Prepare the journal entry to record direct and indirect materials used in the factory for the week.
b) Calculate Jonathans beginning raw materials inventory.
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