1. March 10: 500 units of raw materials were purchased on account at $4.00 per unit.
2. March 15: 250 units of raw materials were requisitioned at $4.50 per unit for production, Job 872.
3. March 25: 215 units of raw materials were requisitioned at $5.00 per unit for production, Job 879.
Required:
Record the journal entries for the above transactions: Refer to the Chart of Accounts for exact wording of account titles.
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Home » Business » 1. March 10: 500 units of raw materials were purchased on account at $4.00 per unit. 2. March 15: 250 units of raw materials were requisitioned at $4.50 per unit for production, Job 872. 3.