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3 years ago

Journalize the following transactions for Combs Company.

Business

1 answer:

lions [1.4K]3 years ago

8 0

Answer:

No Account Titles and Explanation Debit Credit

A. Raw material inventory $13,800

Direct material price variance $740

($13,800 - $13,060)

Account payable $13,060

(To record purchase of materials)

B. Work in process inventory $13,780

6,890 * ($13,800/6,900)

Direct material quantity variance $220

($13,780 - $13,560)

Raw materials inventory $13,560

6,780 * ($13,800/6900)

(To record materials issued to production)

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