Issuance of materialsOn May 7, Bergan Company purchased on account 10,000 units of rawmaterials at $8 per units. During May, raw material were requisitioned for production as follows: 7,500 units for Job 200 at $8 per unit and 1,480units for Job 305 at $5 per unit. Journalize the entry on May 7 to recordthe purchase and on May 31 to record the requisition from the materialsstoreroom.

Issuance of Materials. On May 7, Keenan Company purchased on account 570 units of raw materials at $15 per unit. During May, raw materials were requisitioned for production as follows: 205 units for Job 200 at $11 per unit and 171 units for Job 305 at $15 per unit. Journalize the entry on May 7 to record the purchase. If an amount box does not require an entry, leave it blank. May 7 8 Journalize the entry on May 31 to record the requisition from the materials storeroom. If an amount box does not require an entry, leave it blank. May 31

Given the following information how much raw material was transferred to work in progress on January 31? Inventory on January 1 is $100,000, raw materials purchased in January are $500,000, and raw materials inventory on January 31 is $200,000 A: $200,000 B: $400,000 C: $600,000 D: $700,000

Journalize the following transactions: March 10: 400 units of raw materials were purchased on account at $6.00 per unit.March 15: 300 units of raw materials were requisitioned at $6.50 per unit for production, Job 872.March 25: 200 units of raw materials were requisitioned at $6.00 per unit for production, Job 879. If an amount box does not require an entry, leave it blank

Journalize the following transactions for Sheridan Company. (a) Purchased 5,900 units of raw materials on account for $16.930. The standard cost was $17,700. (b) Issued 5,800 units of raw materials for production. The standard units were 5.890. List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Account Titles and Explanation (a) (b) Debit Credit

Tyare Corporation had the following inventory balances at the beginning and end of May:     May 1 May 30 Raw materials $29,500 $38,000 Finished Goods $79,000 $74,000 Work in Process $17,500 $17,116   During May, $62,500 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 380 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $7,450 of direct materials cost. The Corporation incurred $43,200 of actual manufacturing overhead cost during the month and applied $42,000 in manufacturing overhead cost.   The amount of direct labor cost in the May 30 Work in Process inventory was:   Multiple Choice   $4,296   $5,370   $4,990   $9,666

Goldenrod Company makes artificial flowers and reports the following data for the month: Purchases of materials, on account    $ 51,000Materials requisitions:     Direct materials    42,300 Indirect materials    500Labor incurred (not yet paid):     Direct labor    20,300 Indirect labor    1,340Journalize the entries relating to materials and labor.

Vinubhai

The following information about the work-in-process inventory pertains to the Remington Plant for the month of July (all materials are added at the beginning of the process): Materials Conversion Beginning work in process (26,000 units): Percentage complete with respect to 100 % 20% Costs $ 83,600 $ 18, 636 Ending work in process (42,000 units): Percentage complete with respect to 100 % 60% Costs ? ? ? ? The Remington Plant started 216,000 units and transferred out 200,000 in July. Materials costs incurred in July were $594,000 and conversion costs were $979,000. Required: Compute the cost per equivalent unit for materials and conversion costs using the FIFO method.

Required: If the December 1 balance in the Direct Materials Inventory account was $20,000, the December 31 balance was $22,000, and $130,000 of direct materials were issued to production during December, what was the amount of direct materials purchased during the month? Purchased amount of direct material