Work in process and factory overhead

Assignment Help Accounting Basics

Reference no: EM13258501

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

Required:

Determine the amount of materials transferred to Work in Process and Factory Overhead for the current month.

Illustrate the effect on the accounts and financial statements of the materials transferred in (a)

Reference no: EM13258501

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