Mountain Packs

manufactures backpacks. Its plant records include the following materials-related data:

1(Click

the icon to view the transactions.)

Journalize the entries to record the transactions, post to the Raw Materials Inventory account, and determine the ending balance in Raw Materials Inventory.

Journalize the entries to record the transactions.

Begin by recording the journal entry for the purchases of materials. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

Date			Accounts and Explanation	Debit	Credit
			(1)
			(2)
			(3)
			(4)
			(5)

Now record a single journal entry for the materials used.

Date			Accounts and Explanation	Debit	Credit
			(6)
			(7)
			(8)
			(9)
			(10)

Post these transactions to the Raw Materials Inventory account and determine the ending balance in Raw Materials Inventory.

Raw Materials Inventory
(11)			(12)
(13)			(14)
(15)			(16)
(17)			(18)

1: Data Table

Raw Materials Inventory, beginning balance	$37,000
Purchases of canvas, on account	74,000
Purchases of sewing machine lubricating oil, on account	1,800
Material requisitions:
Canvas	66,000
Sewing machine lubricating oil	550

(1)

Accounts Payable

Accounts Receivable

Cash

Cost of Goods Sold

Finished Goods Inventory

Manufacturing Overhead

Purchases

Raw Materials Inventory

Work-in-Process Inventory

(2)

Accounts Payable

Accounts Receivable

Cash

Cost of Goods Sold

Finished Goods Inventory

Manufacturing Overhead

Purchases

Raw Materials Inventory

Work-in-Process Inventory

(3)

Accounts Payable

Accounts Receivable

Cash

Cost of Goods Sold

Finished Goods Inventory

Manufacturing Overhead

Purchases

Raw Materials Inventory

Work-in-Process Inventory

(4)

Accounts Payable

Accounts Receivable

Cash

Cost of Goods Sold

Finished Goods Inventory

Manufacturing Overhead

Purchases

Raw Materials Inventory

Work-in-Process Inventory

(5)

Adjusted MOH for underallocated overhead.

Allocated overhead to WIP.

Completed jobs, costs assigned to FG.

Incurred labor, direct labor assigned to WIP, indirect labor accumulated in MOH.

Incurred overhead, costs accumulated in MOH.

Purchased materials, accumulated in RM.

Sold jobs on account.

Used materials, direct materials assigned to WIP, indirect materials accumulated in MOH.

(6)

Accounts Payable

Accounts Receivable

Cash

Cost of Goods Sold

Finished Goods Inventory

Manufacturing Overhead

Purchases

Raw Materials Inventory

Work-in-Process Inventory

(7)

Accounts Payable

Accounts Receivable

Cash

Cost of Goods Sold

Finished Goods Inventory

Manufacturing Overhead

Purchases

Raw Materials Inventory

Work-in-Process Inventory

(8)

Accounts Payable

Accounts Receivable

Cash

Cost of Goods Sold

Finished Goods Inventory

Manufacturing Overhead

Purchases

Raw Materials Inventory

Work-in-Process Inventory

(9)

Accounts Payable

Accounts Receivable

Cash

Cost of Goods Sold

Finished Goods Inventory

Manufacturing Overhead

Purchases

Raw Materials Inventory

Work-in-Process Inventory

(10)

Adjusted MOH for underallocated overhead.

Allocated overhead to WIP.

Completed jobs, costs assigned to FG.

Incurred labor, direct labor assigned to WIP, indirect labor accumulated in MOH.

Incurred overhead, costs accumulated in MOH.

Purchased materials, accumulated in RM.

Sold jobs on account.

Used materials, direct materials assigned to WIP, indirect materials accumulated in MOH.

(11)

Bal.

(12)

Bal.

(13)

Purchased

Used

(14)

Purchased

Used

(15)

Purchased

Used

(16)

Purchased

Used

(17)

Bal.