Materials issued for the current month are as follows: RequisitionNo. Material J

Question

Materials issued for the current month are as follows:

RequisitionNo.          Material                                  JobNo.                       Amount

811                             Aluminium                             511                             10,400

812                             Steel                                       514                             18,650

813                             Plastic                                     526                             875

814                             Abrasives                               Indirect                      325

815                             Titaniumalloy                        533                             42,300

Explanation / Answer

              

WIP

Factory Overhead

Aluminium 10,400

Steel         18,650

71,350

Plastic       875

Alloy         42,300

Abrasives   325

1,200

1. Amount transferred to WIP $ 71,350

   Amount transferred to factory overhead $ 1,200

2 WIP goes to finished goods and affects the inventoryaccount in the balance sheet.

WIP

Factory Overhead

Aluminium 10,400

Steel         18,650

71,350

Plastic       875

Alloy         42,300

Abrasives   325

1,200

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