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    T-Accounts: Raw Material Consumed

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    Sharoze Khan
    This document contains T-accounts summarizing various expenses and inventory for a manufacturing company over a period of time. The T-accounts show costs for raw materials consumed, salaries and wages, factory overhead expenses, changes in work in process inventory, and finished goods inventory. Transactions are recorded with debits and credits to track changes in account balances over time.

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    T-Accounts: Raw Material Consumed

    Uploaded by

    Sharoze Khan
    9 views4 pages
    This document contains T-accounts summarizing various expenses and inventory for a manufacturing company over a period of time. The T-accounts show costs for raw materials consumed, salaries and wages, factory overhead expenses, changes in work in process inventory, and finished goods inventory. Transactions are recorded with debits and credits to track changes in account balances over time.

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    how to make T accounts.

    Original Title

    T Accounts

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    This document contains T-accounts summarizing various expenses and inventory for a manufacturing company over a period of time. The T-accounts show costs for raw materials consumed, salaries and wages, factory overhead expenses, changes in work in process inventory, and finished goods inventory. Transactions are recorded with debits and credits to track changes in account balances over time.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    9 views4 pages

    T-Accounts: Raw Material Consumed

    Uploaded by

    Sharoze Khan
    This document contains T-accounts summarizing various expenses and inventory for a manufacturing company over a period of time. The T-accounts show costs for raw materials consumed, salaries and wages, factory overhead expenses, changes in work in process inventory, and finished goods inventory. Transactions are recorded with debits and credits to track changes in account balances over time.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 4

    T-Accounts

    Raw Material Consumed (000)


    Dr.
    Date

    Detail

    Amount

    Opening stock
    Purchase

    4881787
    14645361

    Total

    19527148

    Cr.
    Date

    Closing stock

    Saleries and wages (000)


    Dr.
    Date

    Detail

    Amount

    Saleries and wages

    241832

    Total

    241832

    Cr.
    Date

    FOH (000)
    Dr.
    Date

    Detail

    Amount

    Fuel and Power


    Contract services
    Communication
    Travelling and stationery
    Printing and stationery
    Insurance
    Repairs and maintenance
    Stores and spares consumed
    Depriciation
    Other Expenses

    72168
    169096
    331
    12420
    718
    12800
    65466
    94604
    32080
    21513

    Total

    481196

    Cr.
    Date
    c/d work in process

    Work in Process(000)
    Dr.
    Date

    Detail

    Amount

    Opening work in process


    Direct Material
    Direct labor

    220048
    13018098
    241832

    Total

    13479978

    Cr.
    Date
    Closing work in process
    Finished Goods

    Finished good inventory(000)


    Dr.
    Op. finished good inventory
    Finished good

    75099
    13391709

    Total

    13466808

    Cr.
    Closing Finish. Good Inven
    Cost of good sold

    Detail

    Amount

    Closing stock
    c/d Work in process

    6509050
    13018098
    19527148

    Detail
    c/d work in process

    Amount
    241832
    241832

    Detail

    /d work in process

    Amount
    481196

    481196

    Detail

    losing work in process


    nished Goods

    losing Finish. Good Inventory


    ost of good sold

    Amount
    88269
    13391709

    13479978

    194513
    13272295
    13466808

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