Entries for Product Cost FlowThe following transactions occurred during February 2016 for Thompson Manufacturing Company:Feb. 10 Acquired $7,500 of material on account that will be used to produce product for resale.11 Requisitioned $6,000 of material for use as direct material in the factory.16 Completed the manufacturing of products with a total product cost of $36,000 and transferred them to the warehouse.Record these transactions in general journal form. Assume that Thompson Manufacturing Company uses the perpetual inventory system.General JournalDateFeb. 10##+0#Please answer all parts of the question.Feb.11Feb. 16DescriptionPreviousSave AnswersDebit000000Credit0ooooo000 e rastury.16 Completed the manufacturing of products with a total product cost of $36,000 and transferred them to the warehouseRecord these transactions in general journal form. Assume that Thompson Manufacturing Company uses the pGeneral JournalDateFeb.1Feb. 1Feb. 10DescriptionAccounts payableFinished goods inventoryMaterials inventoryWork in process inventoryPlease answer all parts of the question.PreviousSave AnswersDebit0ooo00000Credit000OOOO000

Name: Entries for Product Cost FlowThe following transactions occurred duri
Uploaded: 2024-03-20T06:32:37.000Z
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Description: Entries for Product Cost FlowThe following transactions occurred during February 2016 for Thompson Manufacturing Company:Feb. 10 Acquired $7,500 of material on account that will be used to produce product for resale.11 Requisitioned $6,000 of materi