Question

Entry for Issuing Materials

Materials issued for the current month are as follows:
Requisition No. Material Job No. Amount
103 Plastic 400 $ 2,800
104 Steel 402 24,000
105 Glue Indirect 1,620
106 Rubber 403 3,200
107 Titanium 404 31,600
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.
Work in Process
Factory Overhead
Materials

Answer 1

Journal entry to record the issuance of materials

Date Accounts & explanation Debit Credit

Work in process $61,600

(2,800+24,000+3,200+31,600)

Factory overhead $1,620

Material $63,220

(To record the issuance of material)