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On April 6, Abercrombie Company purchased on account 60,000 units of raw materials at $12 per...

On April 6, Abercrombie Company purchased on account 60,000 units of raw materials at $12 per unit. On

April 21, raw materials were requisitioned for production as follows:

                        25,000 units for Job 50 at $10 per unit

                        27,000 units for Job 51 at $12 per unit.

Journalize the entry on April 6 to record the purchase and on April 21 to record the requisition from the

materials showroom

Business   Accounting   
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Raw material purchased is done for the production of goods. The mare tial can be purchased on cash or on credit.I both cases the material account is debited.In case of cash transaction the cash will be credited and in case of credit transaction the account payable is credited, If raw material required for production, then work in process will be debited.

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