Answer:
Purchase of raw materials
Raw Materials $62,000 (debit)
Cash $62,000 (credit)
Direct materials requisation
Work - In - Processs : Production Department $50,000 (debit)
Raw Materials $50,000 (credit)
Explanation:
Purchase of raw materials
Raw Materials $62,000 (debit)
Cash $62,000 (credit)
<em>Recognise Asset - Raw Materials and De-recognise Asset - Cash</em>
Direct materials requisation
Work - In - Processs : Production Department $50,000 (debit)
Raw Materials $50,000 (credit)
<em>Recognise Cost of Production in Work in Process (Production department) and De-recognise the Asset - Raw Materials</em>