Question

Prepare journal entries to record the following production activities. Purchased $30,000 of raw materials on credit....

Prepare journal entries to record the following production activities.

  1. Purchased $30,000 of raw materials on credit.
  2. Used $17,000 of direct materials in the Roasting department.
  3. Used $21,500 of indirect materials in production.

Journal entry worksheet

  • Record materials purchased on credit.

Note: Enter debits before credits.

Transaction General Journal Debit Credit
1

Journal entry worksheet

  • Record direct materials used in production.

Note: Enter debits before credits.

Transaction General Journal Debit Credit
2

Journal entry worksheet

  • Record indirect materials used in production.

Note: Enter debits before credits.

Transaction General Journal Debit Credit
3

Homework Answers

Answer #1

Solution

Transaction General Journal Debit credit
1 Raw material inventory $    30,000.00
Accounts Payable $        30,000.00
(To record purchase of Raw material)
2 Work in process inventory-Roasting department $    17,000.00
Raw material inventory $        17,000.00
(To record issue of direct material)
3 Manufacturing overhead $    21,500.00
Raw material inventory $        21,500.00
(To record issue of indirect material)

Direct material and labor are debited to WIP account of respective department whereas Indirect costs are debited to manufacturing overhead account.

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