Unformatted text preview: ' Job ] + Job 2 = $2.620 + $4.400 = 37.020 Question 4 3 out of3 points 0n July1,Woolard Corporation had $20,000 of raw materials on hand. During the month, the company purchased an additional $53000 of raw materials. DuringJuly, $49000 of raw materials were reouisitioned
from the storeroom for use in production These raw materials included both direct and indirect materials. The indirect materials totaled $5000.
Preparejournal entnesto record these events. Usethoseiournal entriesto answerthe following questions: The debits to the Manufacturing Overhead account as a consequence ofthe raw matenals transactions in Julytotal
SelectedAnswer: a $5,000 Correct Answer: a $5,000
Response Feedback: The indirect materials ($5,000) re the amount ofthe debitto the Manufacturing Overhead account. ...
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- Spring '11