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Brief Exercise 2-3 In January, Dieker Company requisitions raw materials for production as follows: Job 1 $930, Job 2 $1,200,
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Answer #1

2-3

Particulars

(a)

Job 1

$ 930

(b)

Job 2

$ 1200

(c)

Job 3

$ 780

(d)

Work in Progress Inventory
[(a) + (b) + (c)]

$ 2910

(e)

General Factory Use (or)
Manufacturing Overheads

$ 710

Summary Journal Entry to record Raw Materials Used

Date

Account Titles and Explanation

Debit

Credit

Jan-31

Work In Progress Inventory

$ 2910

Manufacturing Overheads

$ 710

     Raw Materials Inventory

$ 3620

Being Usage of Raw Materials

2-4

Date Account Title Debit Credit
31 January Work in process inventory $5,720
Manufacturing Overheads $980
Factory Labor $6,700
(To record factory labor used)
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