POST into LEDGER

Th he following are the transactions of AB Ltd for the month of April. 105000 60000 20000 145000 1 Raw materials of 182000 were purchased on credit. 2 Raw materials of 2000 were returned to the supplier because of defects. 3 The total of stores requisitions for direct materials issued for the period was 165 000. 4 The total issues for indirect materials for the period was 10 000. 5 Gross wages of 185 000 were incurred during the period consisting of wages paid to employees Tax deductions payable to the government (i.e. Inland Revenue) National Insurance contributions due 6 All the amounts due in transaction 5 were settled in cash during the period. 7 The allocation of the gross wages for the period was as follows: Direct wages Indirect wages 8 The employer's contribution for National Insurance deductions was 25000. 9 Indirect factory expenses of 41 000 were incurred during the period. 10 Depreciation of factory machinery was 30 000. 11 Overhead expenses allocated to jobs by means of overhead allocation rates was 140 000 for the period. 12 Non-manufacturing overhead incurred during the period was 40 000. 13 The cost of jobs completed and transferred to finished goods inventory was 300 000. 14 The sales value of goods withdrawn from inventory and delivered to customers was 400 000 for the period. 15 The cost of goods withdrawn from inventory and delivered to customers was 240 000 for the period. 40 000