Basic. XYZ operates an integrated accounting system. The material control account at 34 March 2011 shows the following information:

The $125000 credit entry represents the value of the transfer to the

(a) Cost of sales account

(b) Finished goods account

(c) Profit and loss account

(d) Work in progress account CIMA: Fundamentals of Management Accounting

Transcribed Image Text:

Material control account $ $ Balance b/d 50000 Production 10000 overhead control account Creditors Bank 100000 ? 125000 25000 Balance c/d 40000 175000 175000