Five material requisitions (MR) forms were received by the materials storeroom of the Saint Louis Foundry during
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Five material requisitions (MR) forms were received by the materials storeroom of the Saint Louis Foundry during the first week of 2014. MR101 was for $250 of direct materials for job number 1501. MR102 was for $350 of direct materials for job number 1502. MR103 was for $100 of indirect materials issued to the factory floor. MR 104 was for $400 of direct materials issued to job number 1501. MR105 was for $500 of direct materials issued to job number 1503.
Required
Prepare summary journal entries to record the issuance of these materials?
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Given data MR101 for direct materials for job number 1501 250 MR102 for direct ...View the full answer
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