ecording Issuing of Materials Materials issued for the current month are as follows: Requisition No. Material Job No. Amount 832 Fiberglass 68 $93,666 833 Plastic 83 64,425 834 Glue Indirect 2,764 835 Wood 89 23,697 836 Aluminium 98 40,753 a. Determine the amount of materials transferred to Work in Process and Factory Overhead for the current month.
ecording Issuing of Materials Materials issued for the current month are as follows: Requisition No. Material Job No. Amount 832 Fiberglass 68 $93,666 833 Plastic 83 64,425 834 Glue Indirect 2,764 835 Wood 89 23,697 836 Aluminium 98 40,753 a. Determine the amount of materials transferred to Work in Process and Factory Overhead for the current month.
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter10: Accounting Systems For Manufacturing Operations
Section: Chapter Questions
Problem 10.9E: Recording issuing of materials Materials issued for the current month are as follows a. Determine...
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Recording Issuing of Materials
Materials issued for the current month are as follows:
Requisition No. | Material | Job No. | Amount |
832 | Fiberglass | 68 | $93,666 |
833 | Plastic | 83 | 64,425 |
834 | Glue | Indirect | 2,764 |
835 | Wood | 89 | 23,697 |
836 | Aluminium | 98 | 40,753 |
a. Determine the amount of materials transferred to Work in Process and Factory Overhead for the current month.
Materials transferred to Work in Process | $fill in the blank 1 |
Materials transferred to Factory Overhead | $fill in the blank 2 |
b. Illustrate the effect on the accounts and financial statements of the materials transferred in (a).
If no account or activity is affected, select "No effect" from the drop-down list and leave the corresponding number entry box blank. Enter account decreases and
Balance Sheet | |||||||||
Assets | = | Liabilities | + | ||||||
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+ |
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+ |
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= |
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+ |
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fill in the blank 8 | fill in the blank 9 | fill in the blank 10 | fill in the blank 11 | fill in the blank 12 | |||||
Statement of Cash Flows | Income Statement | ||||||||
|
fill in the blank 14 |
|
fill in the blank 16 |
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