Prepare general journal entries to record the following production activities for Oaks Manufacturing.a. Purchased $82,000 of raw materials on credit.b. Used $63,500 of direct materials in production.c. Used $12,800 of indirect materials.
What will be an ideal response?
| a. | Raw Materials Inventory………………………… | 82,000 | ? |
| ? | Accounts Payable……………………………… | ? | 82,000 |
| ? | ? | ? | ? |
| b. | Work in Process Inventory……………………… | 63,500 | ? |
| ? | Raw Materials Inventory……………………… | ? | 63,500 |
| ? | ? | ? | ? |
| c. | Factory Overhead………………………………… | 12,800 | ? |
| ? | Raw Materials Inventory……………………… | ? | 12,800 |
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