LO4:

E2-11A. Entries for Product Cost Flow The following transactions occurred during January 2019 for Richard Manufacturing Company.

Jan. 5 Aquire 4,500 of materials on account that will be used to produce product for resale.

11. Requisitioned $3,750 of materials for use as direct materials in the factory.

16. Completed the manufacturing of products with a total product cost of $15,000 and transferred them to the warehouse.

Record these transactions in general journal form. Assume that the Richards Manufacturing Company uses the perpetual inventory system.