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  • Sep 25, 2013, 08:10 AM
    Sparrrow
    Prepare a summary journal entry to record raw materials used
    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.

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