Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                

Accounts Debit Credit: Total

Download as xlsx, pdf, or txt
Download as xlsx, pdf, or txt
You are on page 1of 8

AGDEPA, JANROSE B.

COST ACCOUNTING & CONTROL


BSA - BCC

ACCOUNTS DEBIT CREDIT Manufacturing cost - Job 101


Cash P 171, 320 Direct labor
Accounts Receivable 45,250 Direct materials
Finished Goods Inventory - Ending 32,500 Applied factory overhead
Work In Process Inventory - Ending 46,075 Total
Raw Materials Inventory P 79, 195
Machinery 45,300 Manufacturing cost - Job 102
Accumulated Depreciation - Machinery 12,000 Direct labor
Accounts Payable 11,125 Direct materials
Salaries and Wages Payable 110,000 Applied factory overhead
Sales 255,000 Total
Sales Discounts 12,750
Cost of Goods Sold 191,800
Marketing and Administrative Salaries 20,000
Marketing and Administrative Expenses 15,000
Share Capital 100,000
Retained Earnings 34,925
TOTAL 591,120 591,120
uring cost - Job 101 5,500 Job 103
or 20,000 Direct labor
terials 51,500 Direct materials
actory overhead 90,000 Factory overhead
167,000 Total

uring cost - Job 102 2,000 Total of Job 101


or 40,000 Total of Job 102
terials 42,000 Cost of goods sold
actory overhead 180,000
264,000
18,000
14,575
81,000
113,575

167,000
264,000
431,000
A Company
Materials 22,000
Materials still in process (5, 000)
Materials available for sale 17,000

Finished goods 68,000


Materials available for sale (17, 000)
Labor and overhead control 51,000

Factory overhead 55,000


Direct labor 37,000
Overhead rate 1.5

Labor and overhead control 51,000


Rate 250%
Direct labor cost in finished goods 20,400

Direct labor cost in finished goods 20,400


Overhead rate 150%
Factory overhead in finished goods 30,600
B Company
Job 175 101,000
Job 177 78,000
Job 108
Factory overhead 50,000
Direct labor 40,000
Direct materials 7,000
Job 180 15,000
41,750
62,625 216,375
Cost of goods sold 395,375

Direct materials 26,000


Direct labor 60,000
Factory overhead 75,000
Manufacturing cost 161,000
Job 179 20,875
31,312.5
Total 213,187.5

Direct materials 7,000


Direct labor 40,000
Factory overhead 50,000
Job 180 15,000
41,750
62,625 216,375
Cost of goods manufactured 429,562.5

Work in process - Job 180 Materials 15,000


Work in process - Job 181 Materials 25,000
Work in process - Job 182 Materials 16,000
Direct materials 56,000

Work in process - Job 179 20,875


Work in process - Job 180 41,750
Work in process - Job 181 73,062.5
Work in process - Job 182 62,625
Direct labor 198,312.5

Factory overhead - Job 179 31,312.50


Factory overhead - Job 180 62,625
Factory overhead - Job 181 109,593.75
Factory overhead - Job 182 93,937.50
Manufacturing overhead 297,468.75
Total manufacturing cost 551,781.25
C Company
Cost of direct materials 8,500
Direct Labor 12,000

Total labor cost 12,000


Finishing department 4,000
Molding 4,000
7,750
Cost to produce 28,250

Direct materials 8,500


Direct labor 12,000
Estimated prime cost 20,500

Direct Labor 12,000


7,750
Estimated conversion cost 19,750

Cost to produce 28,250


Estimated prime cost 20,500
7,750
Bid price 56,500
D Company
Work in process, beginning 121,250
Materials used 135,000
Direct labor 125,000
Factory overhead 93,750 353,750
Total manufacturing cost 475,000
Work in process, ending (185, 000)
Cost of goods manufactured 290,000

Finished goods, beginning 65,000


Cost of goods manufactured 290,000
Cost of goods available for sale 355,000
Finished goods, ending (115, 000)
Cost of goods sold 240,000

Work in process, beginning 121,250


Materials used 135,000
Direct labor 125,000
Factory overhead 93,750 353,750
Total manufacturing cost 475,000

Cost of goods manufactured 290,000


Work in process, ending 185,000
Total manufacturing cost 475,000
Factory overhead (93, 750)
Direct labor (125, 000)
Materials used (135, 000) (353, 750)
Work in process, beginning 121,250

You might also like