Journalize the entries to record the following transactions:
1. Mar. 10: 500 units of raw materials were purchased on account at $4.00 per unit.
2. Mar. 15: 250 units of raw materials were requisitioned at $4.50 per unit for production, Job 872.
3. Mar. 25: 215 units of raw materials were requisitioned at $5.00 per unit for production, Job 879.

Answer :

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Answer:

1. Mar. 10: 500 units of raw materials were purchased on account at $4.00 per unit.

March 10, 202x, 500 units of raw materials purchased on account:

Dr raw materials inventory 2,000

    Cr Accounts payable 2,000

2. Mar. 15: 250 units of raw materials were requisitioned at $4.50 per unit for production, Job 872.

March 15, 202x, 250 units of raw materials requisitioned for Job 872

Dr Work in Process 1,125  

     Cr Raw materials inventory 1,125

3. Mar. 25: 215 units of raw materials were requisitioned at $5.00 per unit for production, Job 879.

March 25, 202x, 215 units of raw materials requisitioned for Job 879

Dr Work in Process 1,075  

     Cr Raw materials inventory 1,075

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