On May 7, Bergan Company purchased on account 10,000 units of raw materials at $8 per unit. During May, raw materials were requisitioned for production as follows:7,500 units for Job 200 at $8 per unit and 1,480 units for Job 305 at $5 per unit.Journalize the entry on May 7 to record the purchase and on May 31 to record the requisition from the materials storeroom.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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On May 7, Bergan Company purchased on account 10,000 units of raw materials at $8 per unit. During May, raw materials were requisitioned for production as follows:
7,500 units for Job 200 at $8 per unit and 1,480 units for Job 305 at $5 per unit.
Journalize the entry on May 7 to record the purchase and on May 31 to record the requisition from the materials storeroom.

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