on August 4, Carrothers Company purchased on account 31,000 units of materials at $16 per unit. During August, raw materials were requisitioned for production as follows: 7,900 units for Job 50 at $11 per unit and 6,100 units for Job 56 at $16 per unit. Journalize the entry on August 4 to record the purchase. If an amount box does not require an entry, leave it blank. Journalize the entry on August 31 to record the requisition from the materials storeroom. If an amount box does not require an entry, leave it blank.
on August 4, Carrothers Company purchased on account 31,000 units of materials at $16 per unit. During August, raw materials were requisitioned for production as follows: 7,900 units for Job 50 at $11 per unit and 6,100 units for Job 56 at $16 per unit. Journalize the entry on August 4 to record the purchase. If an amount box does not require an entry, leave it blank. Journalize the entry on August 31 to record the requisition from the materials storeroom. If an amount box does not require an entry, leave it blank.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
on August 4, Carrothers Company purchased on account 31,000 units of materials at $16 per unit. During August, raw materials were requisitioned for production as follows: 7,900 units for Job 50 at $11 per unit and 6,100 units for Job 56 at $16 per unit.
Journalize the entry on August 31 to record the requisition from the materials storeroom. If an amount box does not require an entry, leave it blank.
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Answered: Job Costs At the end
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Week 2 - Problem Assignment
еBook
Show Me HoW
Issuance of Materials
1. PE.19.01B
On August 4, Carrothers Company purchased on account 31,000 units of materials at $16 per unit. During August, raw materials were
2. РЕ.19.02B
requisitioned for production as follows: 7,900 units for Job 50 at $11 per unit and 6,100 units for Job 56 at $16 per unit.
3. PE.19.03B
Journalize the entry on August 4 to record the purchase. If an amount box does not require an entry, leave it blank.
Materials v
4. PE.19.04B
Aug. 4
Accounts Payable v
496,000
5. PE.19.05B
Feedback
6. EX.19.04
V Check My Work
7. EX.19.07
Aug. 4: Record materials at their total purchase price.
8. EX.19.16
Journalize the entry on August 31 to record the requisition from the materials storeroom. If an amount box does not require an entry,
leave it blank.
Work in Process v
Aug. 31
Materials v
Feedback
V Check My Work
Aua. 31: Multiplv the units transferred bv their respective unit cost and total.
11:19 AM
O Type here to search
DEL
w
1/15/2021
9.
...
Transcribed Image Text:CengageNOWv2 | Online teachin x
Answered: Job Costs At the end
Cengage Learning
• Study.com - Search for courses,
A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false
Week 2 - Problem Assignment
еBook
Show Me HoW
Issuance of Materials
1. PE.19.01B
On August 4, Carrothers Company purchased on account 31,000 units of materials at $16 per unit. During August, raw materials were
2. РЕ.19.02B
requisitioned for production as follows: 7,900 units for Job 50 at $11 per unit and 6,100 units for Job 56 at $16 per unit.
3. PE.19.03B
Journalize the entry on August 4 to record the purchase. If an amount box does not require an entry, leave it blank.
Materials v
4. PE.19.04B
Aug. 4
Accounts Payable v
496,000
5. PE.19.05B
Feedback
6. EX.19.04
V Check My Work
7. EX.19.07
Aug. 4: Record materials at their total purchase price.
8. EX.19.16
Journalize the entry on August 31 to record the requisition from the materials storeroom. If an amount box does not require an entry,
leave it blank.
Work in Process v
Aug. 31
Materials v
Feedback
V Check My Work
Aua. 31: Multiplv the units transferred bv their respective unit cost and total.
11:20 AM
O Type here to search
DEL
w
1/15/2021
9.
...
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