Materials purchased on account during the month amounted to $190,000. materials requisitioned and placed in production totaled $156,000. the entry to record the transaction for materials requisitioned by the production department is

Question

Reuben Skinner

Business

22 May, 05:16

Materials purchased on account during the month amounted to $190,000. materials requisitioned and placed in production totaled $156,000. the entry to record the transaction for materials requisitioned by the production department is

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Roy Kent · Answer 1

Materials purchased on account during the month amounted to $190,000

Materials requisitioned and placed in production totaled $156,000

Entry to record the transaction for materials =

Work in process = 156,000

Materials = 156,000

This is the entry record requisitioned by the Production department.