Sparrrow
Sep 25, 2013, 08:10 AM
In January, Knox Company requisitions raw materials for production as follows; Job 1 $944, Job 2 $1,460, Job 3 $794, and general use $641.
Prepare a summary Journal entry to record raw materials used.
Would it be
Work In Process Inventory $3,839
Manufacturing overhead $641
Raw Materials Inventory $4,480.
Prepare a summary Journal entry to record raw materials used.
Would it be
Work In Process Inventory $3,839
Manufacturing overhead $641
Raw Materials Inventory $4,480.