Issuance of materialsOn May 7, Bergan Company purchased on account 10,000 units of rawmaterials 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 1,480units for Job 305 at $5 per unit. Journalize the entry on May 7 to recordthe purchase and on May 31 to record the requisition from the materialsstoreroom.
Issuance of materialsOn May 7, Bergan Company purchased on account 10,000 units of rawmaterials 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 1,480units for Job 305 at $5 per unit. Journalize the entry on May 7 to recordthe purchase and on May 31 to record the requisition from the materialsstoreroom.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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.
the purchase and on May 31 to record the requisition from the materials
storeroom.
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