Calculator Record the journal entries for the following tran

Calculator Record the journal entries for the following transactions 1. March 10: 600 units of raw materials were purchased on account at $5.50 per unit. 2. March 15: 500 units of raw materials were requisitioned at $6.00 per unit for production, Job 872. 3. March 25: 400 units of raw materials were requisitioned at $5.50 per unit for production, Job 879. March 10 March 15 March 25

Solution

10-Mar Raw materials inventory 3300 =600*5.5          Accounts Payable 3300 15-Mar Work in Process inventory 3000 =500*6       Raw materials inventory 3000 25-Mar Work in Process inventory 2200 =400*5.5       Raw materials inventory 2200