Journalize the following transactions for Combs Company (a) Purchased 6,200 units of raw materials on account...
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Journalize the following transactions for Combs Company (a) Purchased 6,200 units of raw materials on account for $17,750. The standard cost was $18.600. (b) Issued 5,990 units of raw materials for production. The standard units were 6,180. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation (a) Raw Materials Inventory Accounts Payable Materials Price Variance Debit Credit 18600 17750 SUPPO 850 No. Account Titles and Explanation Debit (a) Raw Materials Inventory Accounts Payable. Materials Price Variance (b) Work in Process Inventory Raw Materials Inventory Materials Quantity Variance 18600 Credit 17750 220 17750 850 17970 D Journalize the following transactions for Combs Company (a) Purchased 6,200 units of raw materials on account for $17,750. The standard cost was $18.600. (b) Issued 5,990 units of raw materials for production. The standard units were 6,180. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation (a) Raw Materials Inventory Accounts Payable Materials Price Variance Debit Credit 18600 17750 SUPPO 850 No. Account Titles and Explanation Debit (a) Raw Materials Inventory Accounts Payable. Materials Price Variance (b) Work in Process Inventory Raw Materials Inventory Materials Quantity Variance 18600 Credit 17750 220 17750 850 17970 D
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