Work in process 1/8/20xx $ $ 9300 9300 Direct materials Opening stock 1/8/20xx Purchases 7500 70000 Freight inwards 1800 Less Closing stock 31/8/20xx (8600) 70700 Direct labour 36000 Wages for machine operators 9000 45000 Add accrued labour 31/8/20xx 115700 Prime cost Factory overhead Supervisor's wages Rent Electricity Machine maintenance Cleaning expense Depreciation on machinery Less work in process 31/8/20xx Cost of production 8500 4000 1200 800 800 1500 (5800) 11000 206700 d. Prepare the journal entry to record the transfer of the Assets "Work in Progress" (WIP) to the Cost of Goods Sold "Transfers from WIP" account. GENERAL JOURNAL - PRETORI INDUSTRIES Date 20xX Particulars 31/08 Debit Credit