question archive On April 8, Darling Company Purchase 65,000 units of raw materials at $7 per unit
On April 8, Darling Company Purchase 65,000 units of raw materials at $7 per unit
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On April 8, Darling Company Purchase 65,000 units of raw materials at $7 per unit. On April 20, raw materials were requisitioned for production as follows: 26,000 units for Job 50 at $6 per unit and 30,000 units for job 51 at $7 per unit. Journalize the entry on April 8 to record the purchase and on April 20 to record the requisition from the materials storeroom.
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Apr. 8 Materials......................................................................... 455,000
Accounts Payable..................................................... 455,000
$455,000 = 65,000 × $7.
Apr. 20 Work in Process.............................................................. 366,000*
Materials................................................................... 366,000
*Job 50 $156,000 = 26,000 × $6
Job 51 210,000 = 30,000 × $7
Total $366,000
