A manufacturer's account appears as follows: Raw Materials Inventory Raw Materials Inventory Debit Credit Beginning 25,200 Purchases 100,200 Ending 29,400 Direct 80,800 materials used 15,200 Indirect materials used All raw materials purchases are made on credit. Prepare journal entries to record the: 1. Purchase of raw materials. 2. Direct materials used. 3. Indirect materials used.
A manufacturer's account appears as follows: Raw Materials Inventory Raw Materials Inventory Debit Credit Beginning 25,200 Purchases 100,200 Ending 29,400 Direct 80,800 materials used 15,200 Indirect materials used All raw materials purchases are made on credit. Prepare journal entries to record the: 1. Purchase of raw materials. 2. Direct materials used. 3. Indirect materials used.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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
Transcribed Image Text:A manufacturer's
account appears as follows:
Raw Materials Inventory
Raw
Materials
Inventory
Debit
Credit
Beginning 25,200
Purchases 100,200
Ending
29,400
Direct
80,800 materials
used
15,200
Indirect
materials
used
All raw materials purchases are made on
credit. Prepare journal entries to record the:
1. Purchase of raw materials.
2. Direct materials used.
3. Indirect materials used.
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