Manufacturing Accounting
Submitted by: Submitted by GURUJOSH
Views: 449
Words: 1265
Pages: 6
Category: Business and Industry
Date Submitted: 03/02/2011 09:59 AM
Question 1
|Date | |general |ledger | |cost |ledger |
| |Details |Debit $ |Credit $ | |Debit $ |Credit $ |
|June |Material inventory control a/c | | | |40000 | |
| |General ledge control a/c | | | | |40000 |
| | | | | | | |
| |cost ledger control a/c |40000 | | | | |
| |Accounts payable | |40000 | | | |
| |To record materials purchased on credit | | | | | |
| |Work in progress inventory control | | | |25000.18 | |
| |Material inventory control | | | | | |
| |To record issue of direct materials to | | | | |25000.18 |
| |production | | | | | |
| |Manufacturing overhead control | | | |3500 | |
| |Indirect materials inventory...
