The following information for the year ending December 31, 2001 is obtained from the books and records
Question:
The following information for the year ending December 31, 2001 is obtained from the books and records of a factory:
(i). Consolidated completed jobs acount,
(ii). Consolidated work-in-progress account.
Transcribed Image Text:
Raw materials supplied from stores Wages Chargeable expenses Materials transferred to work-in-progress Materials returned to stores Completed jobs Rs. 90,000 1,00,000 10,000 2,000 1,000 Factory overheads is 80% of wages and office overhead is 25% of factory cost. The value of executed contracts during 2002 was Rs. 4,10,000. Prepare the: Work-in-progress Rs. 30,000 40,000 4,000 2,000
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To prepare the Consolidated Completed Jobs Account and Consolidated WorkinProgress Account for the factory for the year ending December 31 2001 follow these steps Consolidated Completed Jobs Account C...View the full answer
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