
Answer:
Given that,
Units purchased = 10,000
Per unit price = $8
The journal entry is as follows:
On May 7,
Materials A/c       Dr.  $80,000  Â
To Accounts payable            $80,000
(To record the purchase)
Workings:
Materials = Units purchased by company × Raw material per unit price
= 10,000 × $8
= $80,000