Question

Entry for Issuing Materials Materials issued for the current month are as follows: Requisition No. Material Job No. Amount 201 Aluminum 500 $88,700 202 Plastic 503 27,600 203 Rubber 504 3,650 204 Glue Indirect 2,250 205 Steel 510 38,750 Journalize the entry to record the issuance of materials. For a compound transaction, if an amount box does not require an entry, leave it blank.

Answer 1

The journal entry is as follows:

Work in process A/c Dr. $158,700

Manufacturing overhead A/c Dr. $2,250

To Raw material inventory $160,950

(To record the issuance of materials)

Workings:

• Work in process is debited with direct material:

= 88,700 + 27,600 + 3,650 + 38,750

= $158,700

• Manufacturing overhead debited with indirect material cost = $2,250