Question: Please create a company named ABC . 1. During the month, direct materials (rattan and binding cane) costing $20,000 and indirect materials (nails, tacks, staples,

Please create a company namedABC.

1. During the month, direct materials (rattan and binding cane) costing $20,000 and indirect materials (nails, tacks, staples, glue, and solvents for cleaning) costing $995 are issued into production.

Work in Process (Direct Materials) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000

Factory Overhead (Indirect Materials) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 995

Materials ..................................................... 20,995

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