Prepare the journal entries to record the purchase of clay

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Reference no: EM131973989

Problem

Sandberg Pottery and Ceramics produces unique decorative ceramic figurines for home use. Sandberg recently purchased a large amount of clay for use in its production process.

Consider the following transactions for Sandberg Pottery and Ceramics.

Nov 4 Sandberg purchased 1, 900 pounds of clay for $1.60 per pound on account. The clay is to be used to produce 135 clay horses for a customer.

Nov 6 The mixing department filed a materials requisition requesting that 800 pounds of clay be released for production. The materials will be used to produce medium birdbaths for use in gardens. A customer has ordered 35 birdbaths for immediate delivery. The clay, which cost $1.60 per pound, was delivered to the mixing department on November 6.

Prepare the journal entries to record the purchase of clay on November 4 and the receipt of clay to the mixing department on November 6. Use Smart Entry when selection lists are not available.

Reference no: EM131973989

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