Prepare journal entries to record its following production activities. 1. Purchased $80,000 of raw materials on credit.
Question:
1. Purchased $80,000 of raw materials on credit.
2. Used $34,000 of direct materials in production.
3. Used $41,000 of indirect materials.
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1 Raw Materials Inventory 80000 Accounts Payable 80000 Purch...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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