Materials issued for the current month are as follows: RequisitionNo. Material J
ID: 2457839 • 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 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