QS 19-6 (Algo) Recording materials LO P1, P3A company that uses job order costing purchases $94,000 in raw materials for cash. It then uses $25,000 of raw materials as indirectmaterials and uses $62,400 of raw materials as direct materials.Prepare journal entries to record the (a) purchase of raw materials, (b) use of indirect materials, and (c) use of direct materials.View transaction listJournal entry worksheet< 12Record the raw materials purchase for $94,000, paid in cash.TransactionNote: Enter debits before credits.a.3Record entryGeneral JournalClear entryDebitCreditView general journal

Answer : Raw material purchase = $94000 Indirect material = $25000 Direct material =$62,400

Answered: purchases $94,00 erials as direct ma…

Business

Accounting

purchases $94,00 erials as direct ma purchase of raw

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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Question

QS 19-6 (Algo) Recording materials LO P1, P3
A company that uses job order costing purchases $94,000 in raw materials for cash. It then uses $25,000 of raw materials as indirect
materials and uses $62,400 of raw materials as direct materials.
Prepare journal entries to record the (a) purchase of raw materials, (b) use of indirect materials, and (c) use of direct materials.
View transaction list
Journal entry worksheet
< 1
2
Record the raw materials purchase for $94,000, paid in cash.
Transaction
Note: Enter debits before credits.
a.
3
Record entry
General Journal
Clear entry
Debit
Credit
View general journal

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