You have been asked by a colleague to explain to him what is meant by the TELOS criteria for evaluating information systems project, laying particular emphasis on how to make the most effective and efficient decision in selecting the best from alternative information system projects by applying the TELOS criteria to the decision making process (Your answers should be at least two full page, double spacing) Cash Account Raw material inventory WIP Invenatory Date Details Dr $M Details Cr $M Date Details Dr $M Details Cr $M Date Details Dr $M Details Cr $M 1 Sep Cash purchase $130 00 2 Sep Direct material $120 00 1 Sep Raw material purchase $130 00 2 Sep Issued to WIP $120 00 22 Sep Mfg overhead applied 80 of direct materials $96 00 29 Sep Wages payment $220 00 MOH $10 00 29 Sep Direct labor $200 00 30 Sep Other overheads $76 00 Total $130 00 $130 00 Sep Transfer to FG stock $416 00 30 Sep Cash sales $454 00 $426 00 Balance c f $0 00 Total $416 00 $416 00 30 Sep Balance c f $0 00 30 Sep $454 48 30 Sep Balance b f $28 48 Finished goods inventory Cost of goods sold Sales Date Details Dr $M Details Cr $M Date Details Dr $M Details Cr $M Date Details Dr $M Details 2 Sep From WIP inventory $416 00 To COGS $395 20 30 Sep From FG inventory $395 20 30 Sep Sales by cash 30 Sep 30 Sep Underapplied manufacturing overhead $10 00 30 Sep To Income summary 454 48 Total $416 00 $395 20 30 Sep Income summary 405 2 Total Balance c f $20 80 Total Balance c f Balance c f $405 20 Income summary Income Summary Date Details Dr $M Details Cr $M 30 Sep Sales $454 48 COGS $405 20 Date Details Dr $M Details Cr $M 30 Sep Retained earnings $49 28 30 Sep By Income Summary $49 28 Total $454 48 $454 48 30 Sep Balance b f 49 28 Balance c f Total 49 28 $49 28 Balance b f $49 28 Adjusting Trial Balance Dr $M Cr $M Raw materials inventory $0 00 Icome Statement Balance sheet WIP Inventory $0 00 Finish goods inventory $20 80 For the month of September As on Sep 30 Cost of goods sold $405 20 Sales $454 48 Particualars Amount $M Assets $M Liabilities $M Cash $28 48 Sales Revenue 454 48 Cash $28 48 Retained earnings transfered from income statement 49 28 Total $454 48 $454 48 Cost of goods sold 405 20 Finished goods inventory $20 80 Gross profit 49 28 Total Assets $49 28 Total Liabilities and Equity 49 28 Operating expense 0 00 Operating income 49 28 Less Taxes 0 00 Net income 49 28

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You have been asked by a colleague to explain to him what is meant by the TELOS criteria for evaluating information systems project, laying particular emphasis on how to make the most effective and efficient decision in selecting the best from alternative information system projects by applying the TELOS criteria to the decision making process  (Your answers should be at least two full page, double spacing)  Cash Account Raw material inventory WIP Invenatory Date Details Dr $M Details Cr $M Date Details Dr $M Details Cr $M Date Details Dr $M Details Cr $M 1 Sep Cash purchase $130 00 2 Sep Direct material $120 00 1 Sep Raw material purchase $130 00 2 Sep Issued to WIP $120 00 22 Sep Mfg overhead applied 80  of direct materials $96 00 29 Sep Wages payment $220 00 MOH $10 00 29 Sep Direct labor $200 00 30 Sep Other overheads $76 00 Total $130 00   $130 00 Sep Transfer to FG stock $416 00 30 Sep Cash sales $454 00   $426 00 Balance c f $0 00     Total $416 00 $416 00 30 Sep Balance c f $0 00 30 Sep $454 48   30 Sep Balance b f $28 48   Finished goods inventory Cost of goods sold Sales Date Details Dr $M Details Cr $M Date Details Dr $M Details Cr $M Date Details Dr $M Details 2 Sep From WIP inventory $416 00 To COGS $395 20 30 Sep From FG inventory $395 20 30 Sep Sales by cash 30 Sep 30 Sep Underapplied manufacturing overhead $10 00 30 Sep To Income summary 454 48 Total $416 00 $395 20 30 Sep Income summary 405 2 Total Balance c f $20 80 Total Balance c f Balance c f $405 20 Income summary Income Summary Date Details Dr $M Details Cr $M 30 Sep Sales $454 48 COGS $405 20 Date Details Dr $M Details Cr $M 30 Sep Retained earnings $49 28 30 Sep By Income Summary $49 28 Total $454 48 $454 48 30 Sep Balance b f 49 28 Balance c f   Total 49 28 $49 28 Balance b f $49 28 Adjusting Trial Balance Dr $M Cr $M Raw materials inventory $0 00   Icome Statement Balance sheet WIP Inventory $0 00   Finish goods inventory $20 80   For the month of September As on Sep 30 Cost of goods sold $405 20   Sales   $454 48 Particualars Amount $M Assets $M Liabilities $M Cash $28 48   Sales Revenue 454 48 Cash $28 48 Retained earnings transfered from income statement 49 28 Total $454 48 $454 48 Cost of goods sold 405 20 Finished goods inventory $20 80     Gross profit 49 28 Total Assets $49 28 Total Liabilities and Equity 49 28 Operating expense 0 00 Operating income 49 28 Less Taxes 0 00 Net income 49 28

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