Issuance of Materials Materials issued for the current month are as follows: Requisition  Number        Material            Job No.            Amount 201                            Aluminum                     500                                 P 88,700 202                           Plastic                             503                                     27,600 203                            Rubber                          504                                       3,650 204                            Glue                               Indirect                                2,250 205                           Steel                                510                                       38,750 Journalize the entry to record the issuance of materials.

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.