Subject : Cost Accounting

QUESTION NO 2: The Comlian corporation has go through different process while manufacturing of goods and have following cost during the month of operation, Pass the Journal entries with cost accounting control Account: i. Cost of raw material consumed during the month totaled as 43000 dollars out of which material of 3000 is indirect while other is direct. 1 Factory completed the production of goods costing 75000 dollars on 29 januray 2014. iii. Factory payroll for the month included 20,000 dollars of direct labor and 4000 of indirect labor ,pay checque was issued. iv. During costing at different department (Job order costing) one job completed with the cost of 1,50,0000 dollars. V. Some of the material during processing seemed to be defective and return to the supplier with amount total as 10,000.from which half is indirect and half is direct material. The supplier will pay the amount later