Reference no: EM132369016

Question

If Sony Products Co. maintains the following accounts in the general ledger: Materials, Work in Process, Factory Overhead, and Accounts Payable. On June 1, the materials account had a debit balance of $5,000 and had the below summary of materials transactions for the month of June:

Materials purchased, $23,750.

Direct materials requisitioned to production, $19,250.

Direct materials returned to storeroom, $1,200.

Indirect materials requisitioned to production, $2,975.

Indirect materials returned to storeroom, $385.

A) What would the journal entries to ledger accounts (in T-account form) look like.

B) What would be the balance of the materials inventory account at the end of the month?