Blake Manufacturing uses a standard costing system. Blake Manufacturing purchased 45,000 pounds of direct material at the cost of $3.75 per pound. The standard cost is $4 per pound, and it takes 9 pounds of direct material to make one unit of product. This month, 5,000 units were produced, and all 45,000 pounds of material were used in production. What is the journal entry to record the purchase of direct materials on the account?

Blake Manufacturing uses a standard costing system. Blake Manufacturing purchased 45,000 pounds of direct material at the cost of $3.75 per pound. The standard cost is $4 per pound, and it takes 9 pounds of direct material to make one unit of product. This month, 5,000 units were produced, and all 45,000 pounds of material were used in production. What is the journal entry to record the purchase of direct materials on the account?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 13E: Wyandotte Company provided the following information for the last calendar year: During the year,...

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I will post this several times, dont answer it if you already answer it! I will mark down the second SAME answer if ever.
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