Question

Javaprojavapro ​systems's static budget predicted production of and sales of 5555 connectors in​ august, but the company actually produced and sold only 5050 connectors. direct materials were budgeted at $ 93$93 per connector. the company purchased and used direct materials that cost $ 6 comma 184$6,184. what is the journal entry for the direct materials​ purchased

Answer 1

In this problem, you are given the amount of direct materials that was purchased by the company which is $6,184.

To record the purchase of the direct materials, the journal entry would be:

Materials $6,184

Cash $6,184

To record the usage of the direct materials to production, the entry would be:

Work in Process $6,184

Materials $6,184