Compound A39A Is Used by Ashline Corporation to Make One

question 44

Essay

Compound A39A is used by Ashline Corporation to make one of its products.The standard cost of compound A39A is $32.00 per ounce and the standard quantity is 8.5 per unit of output.Data concerning the compound in the most recent month appear below:
The raw material was purchased on account.
Required:
a.Record the purchase of the raw material in a journal entry.
b.Record the use of the raw material in production in a journal entry.
$\begin{array}{llcc} \text {Cost of material purchased in October, per ounce........ } & \$32.80 \\ \text {Material purchased in October, ounces........................ } &7,300\\ \text { Material used in production in October, ounces.......... } &7,220\\ \text { Actual output in October, units................................. } &800\\\end{array}$

---

Definitions:

Contract Provisions

Specific clauses or sections within a contract that detail the rights, obligations, and conditions agreed upon by the contracting parties.

E-Discovery

The process of seeking, locating, securing, and searching electronic data with the intent of using it as evidence in a civil or criminal legal case.

Electronic Business Records

Digital forms of documentation related to business transactions, maintained for legal, compliance, or operational purposes.

Attorney-Client Privilege

A legal principle that keeps communications between an attorney and their client confidential, barring disclosure without the client's consent.