Answered

Westonci.ca is the best place to get answers to your questions, provided by a community of experienced and knowledgeable experts. Connect with professionals on our platform to receive accurate answers to your questions quickly and efficiently. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

In January, Dieker Company requisitions raw materials for production as follows: Job 1 $960, Job 2 $1,400, Job 3 $760, and general factory use $620. Prepare a summary journal entry to record raw materials used. (Credit account titles are automatically indented when amount is entered.

Sagot :

abiolataiwo2015

Answer:

Dr Work in Process Inventory $3,120

Dr Manufacturing Overhead $620

Cr Raw materials Inventory $3,740

Explanation:

Preparation of the summary of journal entry to record raw materials used.

Based on the information given the summary of journal entry to record raw materials used will be:

Dr Work in Process Inventory $3,120

(Job 1 $960+Job 2 $1,400+Job 3 $760)

Dr Manufacturing Overhead $620

Cr Raw materials Inventory $3,740

($3,120+$620)

(Being to record the record raw materials used)

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.