On April 6, Almerida Company purchased on account 59,600 Units of raw materials

Question

On April 6, Almerida Company purchased on account 59,600 Units of raw materials $11 per unit. On April 21, Raw materials were requisitioned from production as follows: 24,000 units for job 15 at nine dollars per unit 26,700 units for a job 51 at $11 per unit On April 6, Almerida Company purchased on account 59,600 Units of raw materials $11 per unit. On April 21, Raw materials were requisitioned from production as follows: 24,000 units for job 15 at nine dollars per unit 26,700 units for a job 51 at $11 per unit

Explanation / Answer

Journal entry :

Date accounts & explanation debit credit Raw material (59600*11) 655600 Account payable 655600 (To record purchase raw material) Work in process 509700 Raw material 509700 (To record raw material requisitioned)

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