Raw materials journal entries P1 During the current month, a company that uses job order costing purchases $50,000 in raw materials for cash. It then uses $ 12,000 of raw materials indirectly as factory supplies and uses $32,000 of raw materials as direct materials, Prepare journal entries to record these three transactions.

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Chapter 19, Problem 4QS

Raw materials journal entries P1
During the current month, a company that uses job order costing purchases $50,000 in raw materials for cash. It then uses $ 12,000 of raw materials indirectly as factory supplies and uses $32,000 of raw materials as direct materials, Prepare journal entries to record these three transactions.

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