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In-s [12.5K]
3 years ago
9

Entry for Issuing Materials Materials issued for the current month are as follows: Requisition No. Material Job No. Amount 201 A

luminum 500 $88,700 202 Plastic 503 27,600 203 Rubber 504 3,650 204 Glue Indirect 2,250 205 Steel 510 38,750 Journalize the entry to record the issuance of materials. For a compound transaction, if an amount box does not require an entry, leave it blank.
Business
1 answer:
Svetradugi [14.3K]3 years ago
5 0

Answer:

The journal entry is as follows:

Work in process A/c                 Dr. $158,700

Manufacturing overhead A/c   Dr. $2,250

To Raw material inventory                               $160,950      

(To record the issuance of materials)

Workings:

  • Work in process is debited with direct material:

        =  88,700 + 27,600 + 3,650 + 38,750

        = $158,700

  • Manufacturing overhead debited with indirect material cost = $2,250

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Answer:

-$1,500 more expensive

Explanation:

Calculation for How much cheaper or more expensive would it be to use the stainless-steel pump rather than a new brass pump

Using this formula

Cheaper or more expensive=Brass pump value-( Current pump value+Pump reconfigure extra amount spent)

Let plug in the formula

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___ is the process of examining, documenting, and assessing the security posture of an organization’s information technology and
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The correct answer is letter "A": Risk identification.

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3 years ago
On July 1, 2015, Friedman Inc. invested $717,963 in a mine estimated to have 806,700 tons of ore of uniform grade. During the la
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Answer:

The computations are shown below:

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(a) Depletion cost per unit

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Answer:

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