A company that uses job order costing purchases $90,000 in raw materials for cash. It then uses $15,000 of raw materials as indirect materials and uses $68,400 of raw materials as direct materials. Prepare journal entries to record the (a) purchase of raw materials, (b) use of indirect materials, and (d) use of direct materials. View transaction list Journal entry worksheet 2 3 Record the raw materials purchase for $90,000, paid in cash. Note: Enter debits before credits Transaction Record entry General Journal Clear entry Debit Credit View general journal

A company that uses job order costing purchases $90,000 in raw materials for cash. It then uses $15,000 of raw materials as indirect materials and uses $68,400 of raw materials as direct materials. Prepare journal entries to record the (a) purchase of raw materials, (b) use of indirect materials, and (d) use of direct materials. View transaction list Journal entry worksheet 2 3 Record the raw materials purchase for $90,000, paid in cash. Note: Enter debits before credits Transaction Record entry General Journal Clear entry Debit Credit View general journal

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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