Business, 11.11.2020 18:10 kob3965

During the current month, a company that uses a job order cost accounting system purchases $50,000 in raw materials for cash. It then uses $12,000 of raw materials indirectly as factory supplies and uses $32,000 of raw materials as direct materials. Prepare entries to record these three transactions in the given order. Record the raw materials purchase for $50,000.
Record the raw materials used indirectly in production.
Record the raw materials used directly in production.

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During the current month, a company that uses a job order cost accounting system purchases $50,000 i...