Record the purchase of materials. Record the materials used in production During

Question

Record the purchase of materials.

Record the materials used in production

During June, Briganti Corporation purchased $84,000 of raw materials on credit to add to its raw materials inventory. A total of $69,000 of raw materials was requisitioned from the storeroom for use in production. These requisitioned raw materials included $9,000 of indirect materials. Required: Prepare journal entries to record the purchase of materials and their use in production. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 Record the purchase of materials Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal

Explanation / Answer

Answer)

Journal entry to record Purchase of Materials

Journal entry to record the materials used in production

Raw material inventory

(Being indirect material requisitioned for use in production)

9000

Date Particulars Debit($) Credit($) Raw material Inventory 84000 Accounts Payable 84000 (Being Raw materials purchased on credit and added to the inventory)

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