Materials issued for the current month are as follows:Requisition No.MaterialJob No.Amount103Plastic400$29,150 104Steel40236,640 105GlueIndirect2,280 106Rubber4033,410 107Titanium40486,250 Journalize the entry to record the issuance of materials. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead Materials

Indirect raw material cost is the factory overhead and all other costs are direct materials cost.Date Title Debit Credit Dec. 31 Work in Process 155,450 Factory Overhead 2,280 Materials 157,730

Answered: Materials issued for the current month…

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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Materials issued for the current month are as follows:

Requisition No.	Material	Job No.	Amount
103	Plastic	400	$29,150
104	Steel	402	36,640
105	Glue	Indirect	2,280
106	Rubber	403	3,410
107	Titanium	404	86,250

Journalize the entry to record the issuance of materials. If an amount box does not require an entry, leave it blank.

		Work in Process
		Factory Overhead
		Materials

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