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
A
A lot of Money in that business
You can describe stretch goals as goals placed above the ones you need or strive to achieve, as a secondary objective. Think of achieving a stretch goal as doing even better than expected.
Consumers and business in the market economy seek to earn money so they can buy products so that they don't go out of business.
