aching and learning resource from Cengage LearningGoogle Chr

aching and learning resource from Cengage Learning-Google Chrome gagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress true Calculator Record the journal entries for the following transactions: 1. March 10: 500 units of raw materials were purchased on account at $4.00 per unit. 2. March 15: 250 units of raw materials were requisitioned at $4.50 per unit for production, Job 872. 3. March 25: 215 units of raw materials were requisitioned at $5.00 per unit for production, Job 879. March 10 March 15 March 25

Solution

Journal entries: Date Accounts title and explanations Debit $ Credit $ 10-Mar Raw material Inventory Account Dr. 2000    Accounts payable 2000 15-Mar Work in process-Job 872 Account Dr. 1125     Raw material Inventory (250*4.50) 1125 25-Mar Work in process-Job 879 Account Ddr. 1075     Raw material inventory (215*5) 1075