During January, its first month of operations, Martinez Company accumulated the following manufacturing costs: raw...
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Accounting
During January, its first month of operations, Martinez Company accumulated the following manufacturing costs: raw materials purchased $ 6,100 on account, factory labor $7,000, and utilities payable $ 2,800. In January, requisitions of raw materials for production are as follows: Job 1 $ 920, Job 2 $ 1,400, Job 3 $ 740, and general factory use $ 650. Record raw materials used. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Work in Process Inventory Raw Materials Inventory Factory Labor Manufacturing Overhead $ $ $ $ $ $ $ $
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