During June, Briganti Corporation purchased $79,000 of raw materials on credit to add to its raw materials inventory. A total of $64,000 of raw materials was requisitioned from the storeroom for use in production. These requisitioned raw materials included $4,000 of indirect materials.Required:Prepare journal entries to record the purchase of materials and their use in production.
What will be an ideal response?
| Raw Materials | 79,000 | |||
| Accounts Payable | 79,000 | |||
| Work in Process | 60,000 | |||
| Manufacturing Overhead | 4,000 | |||
| Raw Materials | 64,000 | |||
Business
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