Materials issued for the current month are as follows: RequisitionNo. Material J
ID: 2457710 • Letter: M
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 526 875
815 Titaniumalloy 533 42,300
Explanation / Answer
Job No.
Materials
Amount
511
Aluminium
$10,400
514
steel
$18,650
533
Titanium alloy
$42,300
Total Direct Material
$71,350
526
Plastic
$875
526
Abrasives
$875
Factory Overheads
$1,750
( Total Indirect Material)
Job No.
Materials
Amount
511
Aluminium
$10,400
514
steel
$18,650
533
Titanium alloy
$42,300
Total Direct Material
$71,350
526
Plastic
$875
526
Abrasives
$875
Factory Overheads
$1,750
( Total Indirect Material)
Total amount ofMaterials $71,350 + $1,750 andFactoryoverhead t/f to work-inprocess = $73,100 Amount of Material transferred in towork in process account. Treated as cost expense incomputing profit / loss.