Factory Ledger (SIA) The DEF Company uses both a factory ledger, which includes all transactions up to Cost of Sales, and a general ledger. It records its cost under a job-cost plan.

The following transactions took place during the month of March: If See purchased and delivered directly to production order No. 305— 200.

. Depreciation on factory buildings and equipment—$5,000.

. Finished goods returned for credit—$2,000.

. Cost of finished goods returned—$1,200.

. The raw-material book inventory at the end of the month amounted to $354,348. A physical inventory taken at that time showed a value of $354,148.

Or CO D Prepare the journal entries necessary to record this information in the general and factory ledgers. lo1