Drect materials 13000 8000 direct labor cost , Ask an Expert

Accounting

Direct materials $ 13,000 $ 8,000
Direct labor cost $ 21,000 $ 7,500
Actual direct labor-hours worked 1,400 500

Assume the ending raw materials inventory is $1,000 and the company does not use any indirect materials. Prepare the journal entries to record raw materials purchases and the issuance of direct materials for use in production.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91225707

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