during May, Camino Corporation purchased direct materials for 4360 units at a to

Question

during May, Camino Corporation purchased direct materials for 4360 units at a total of $68,880. Caminos standard direct materials cost is $15.30 per unit.

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onE iew History Bookma C Park C Alle CH90.? O ezto.mheducat Visited my.utrgv.edu n ALGEBRA LoginSearch everything on (494 unrešd) - mikewa.. During May, Camino Corp. purchased direct matenials for 4,360 units at a total cost of $68,888. Camino's standard direct materials cost is $15.30 per unit Prepare the journal entry to record this transaction. (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 Record the purchase of materials. Note: Enter debits before credits Transaction General Journal ?drt

Explanation / Answer

Answer:

Debit Credit Materials control (4,360 * 15.30) 66,708 Direct Materails Price Variance 2,172 Accounts Payable 68,880

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