Essay
Arko,Inc.,manufactures tables.During the month of March,20X9,Arko purchased 100 table tops of wood costing $3 per piece,400 table legs of wood costing $1 per leg,100 bottles of glue costing $2.50 per bottle,and 800 nails costing $.20 per nail.All raw materials were put into production during March,20X9,and production wages related to the production of tables amounted to $300.At the end of March,20X9,ending work in process inventory had 20 table tops of wood,80 table legs of wood,20 bottles of glue,and 160 nails.
Required:
Prepare journal entries for the purchase of raw materials on account,production activity,and completion of production.
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