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xxMikexx [17]
3 years ago
10

In January, Dieker Company requisitions raw materials for production as follows: Job 1 $970, Job 2 $1,700, Job 3 $790, and gener

al factory use $660. Prepare a summary journal entry to record raw materials used. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Business
1 answer:
Mekhanik [1.2K]3 years ago
3 0

Answer:

Dr Work in Process Inventory $3460

Cr Manufacturing Overhead $660

Cr Raw materials Inventory $2,800

Explanation:

Preparation of a summary journal entry to record raw materials used.

Based on the information given the summary journal entry to record raw materials used will be:

Dr Work in Process Inventory $3460

($970+$1700+$790)

Cr Manufacturing Overhead $660

Cr Raw materials Inventory $2,800

($3460-$660)

(To record raw materials used)

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