The following accounts are maintained by the Riverside Manufacturing Company in its general ledger: Materials, Work in Process, Factory Overhead, and Accounts Payable. The materials account had a debit balance of $40,000 on November 1.

A summary of material transactions for November shows the following transactions:

(1) Materials acquired on account, $62,000

(2) Direct materials issued, $58,500

(3) Direct materials returned to storeroom, $1,200

(4) Indirect materials issued, $3,600

(5) Indirect materials returned to storeroom, $550

(6) Materials on hand were $200 less than the company’s ledger balance.


a. Prepare journal entries to record these transactions.

b. Post the journal entries to T-accounts.

c. Determine the balance of the materials account on November 30.