Materials issued for the current month are as follows: Journalize the entry on D

Question

Materials issued for the current month are as follows:

Journalize the entry on Dec. 31 to record the issuance of materials. Refer to the Chart of Accounts for exact wording of account titles.

Journalize the entry on Dec. 31 to record the issuance of materials. Refer to the Chart of Accounts for exact wording of account titles.

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JOURNAL

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Requisition No. Material Job No. Amount 201 Aluminum 500 $88,700 202 Plastic 503 27,600 203 Rubber 504 3,650 204 Glue Indirect 2,250 205 Steel 510 38,750

Explanation / Answer

Date Title Debit credit 31 dec Work in process 158,700 Manufacturing overhead 2250 Raw material inventory 160950 [being work in process debited with direct material (88700+27600+3650+38750]and manufacturing overhead debited with indirect material cost]

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