27th Edition
WARREN + 5 others
ISBN: 9781337272094




27th Edition
WARREN + 5 others
ISBN: 9781337272094
Textbook Problem

Issuance of materials

On May 7, Bergan Company purchased on account 10,000 units of raw materials at $8 per units. During May, raw material 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 and on May 31 to record the requisition from the materials storeroom.

To determine

Issuance of materials

The material storeroom releases raw materials for used in manufacturing process when a material requisition is received. The summary of material requisition aids as a basis for recording materials used in the process.

To record: Journal entry for purchase and issuance of materials.


The journal entry is prepared as follows:

Date Account titles and Explanation Debit
May 07 Materials (1) 80,000  
      Accounts Payable   80,000
  (Materials purchased during May)    
May 31 Work in process Table (2) 67,400  
      Materials   67,400
  (Materials issued during May)    

Table (1)

Working notes:

The material purchased during the month is calculated as follows:

Materials purchased =

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