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Journalize the entry on march to record the purchase

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Problem 1: On May 7, Calypso Company purchased on account 5,000 units of raw materials at $4 per unit. During May, raw materials were requisitioned for production as follows: 3,750 units for Job 200 at $4 per unit and 740 units for Job 305 at $2.5 per unit. Journalize the entry on March 7 to record the purchase and on March 30 to record the requisition from the materials storeroom.

Reference no: EM132984218

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