Entries for Product Cost Flow
Record the following transactions that occurred during April for Boyd Manufacturing Corporation, which uses the perpetual inventory system:
Apr. Transferred $ of completed goods from the factory to the warehouse.
Requisitioned $ of materials for use in the factory as direct materials and $ for indirect materials.
Sold goods costing $ for $ on account.
tableGeneral JournalDateDescription,Debit,CreditAprhatTo record the transfer of completed goods.,,AprWork in process inventory,To record the requisitioning of material.,,AprhatTo record the sale of goods on account.,,AprhatTo record the cost of goods sold.,,
