Prepare the journal entry to record the use of plastic

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Question :

Marigold Waterworks manufactures Snorkel gear. During the past month, Marigold purchased 4,400 pounds of plastic to USE in its dive masks, at a cost of $6,16O. THE Standard price for the plastic is $1.30 Per pound, and Each mask requires 1/4 Found of Plastic. The company actually USEd 4,2OO pounds of the plastic to Produce 16, 640 dive masks .

Prepare the journal Entry to record the purchase of plastic during the month.

Prepare the journal Entry to record the USE of plastic during the month.

Reference no: EM132318483

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