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COST ACCOUNTING - Sample Exercise
COST ACCOUNTING - Sample Exercise
COST ACCOUNTING - Sample Exercise
BSMA – 1A
Cost Accounting – ACCT03
The A Company
Journal Entries
February 29, 2020
3) Materials ₱ 800
Work In Process ₱ 500
Factory Overhead Control ₱ 300
Material returns from factory to warehouse.
Job 403 – 500
COST SHEETS
Job 401
Materials Labor Overhead
02/1 ₱ 3, 000 02/1 ₱ 2, 500 02/1 ₱ 2, 000
2) ₱ 5, 500 6) ₱ 10, 400 9) ₱ 8, 320
₱ 8, 500 ₱ 12, 900 ₱ 10, 320
Job 402
Materials Labor Overhead
02/1 ₱ 5, 600 02/1 ₱ 3, 000 02/1 ₱ 2, 400
2) ₱ 7, 000 6) ₱ 12, 500 9) ₱ 10, 000
₱ 12, 600 ₱ 15, 500 ₱ 12, 400
Job 403
Materials Labor Overhead
2) ₱ 9, 500 6) ₱ 10, 500 9) ₱ 8, 400
3) ₱ 9, 500
₱ 10, 000 ₱ 10, 500 ₱ 8, 400