Date Particulars Debit Credit

Sc1: Purchase Materials for cash amounting 500,000

a Materials 500,000.00
Cash 500,000.00

b Materials requisition to make a table amounting 50,000

WIP 50,000.00
Material 50,000.00

Sc2: Paid salaries of the factory worker amounting to 15,000

and the salary of the supervisor is 25,000
Direct Labor 15,000.00
Cash 15,000.00

WIP 15,000.00
Direct Labor 15,000.00

Direct Method
Factory Overhead Control Accou 25,000.00
Cash 25,000.00

Indirect Method
Indirect Labor 25,000.00
Cash 25,000.00
WIP
Direct Material 50,000.00
Direct Labor 15,000.00
FOH Applied 25,000.00
90,000.00

The direct labor hour were 10,000 and the FOH

rate is 2.50
WIP 25,000.00
FOH Applied 25,000.00

Finished Goods 90,000.00

WIP
Job produced 5,000 units with following information
Direct Materials 20
Direct Labor 18
FOH (1 allowance for
defective units) 17
Total 55
During processing 400 units wer found to be defective and required
additional cost: Materials 2,000; Labor 4,000 and Overhead 3,000
WIP 275,000.00
Materials 5000 X 20 100,000.00
Payroll 5000 X 18 90,000.00
FOH Applie5000 X 17 85,000.00

Factory Overhead Con 9,000.00

Materials 2,000.00
Payroll 4,000.00
FOH Applied 3,000.00

Finished Goods 275,000.00

WIP 275,000.00

Job produced 5,000 units with following information

Direct Materials 20
Direct Labor 18
FOH (1 allowance for
defective units) 17
Total 55
During processing 400 units wer found to be defective and required
additional cost: Materials 2,000; Labor 4,000 and Overhead 3,000
WIP 270,000.00
Materials 5000 X 20 100,000.00
Payrol 5000 X 18 90,000.00
FOH Applie5000 X 16 80,000.00
17-1
WIP 9,000.00
Materials 2,000.00
Payrol 4,000.00
FOH Applied 3,000.00

WIP
270,000.00
9,000.00
279,000.00

Finished Goods 279,000.00

WIP 279,000.00
 Date Units Unit Cost Total Cost
01-Jan-19 Beginning 400.00 500.00 200,000.00
02-Feb-19 Issue 100.00
15-Feb-19 Purchases 150.00 600.00 90,000.00
07-May-19 Issue 200.00
04-Sep-19 Purchases 300.00 700.00 210,000.00

December 31 Units on hand 550

Date Units Unit Cost Total amount
04-Sep-19 300.00 700.00 210,000.00
15-Feb-19 150.00 600.00 90,000.00
01-Jan-19 100.00 500.00 50,000.00
Total 550.00 350,000.00 Materials Ending

Materials beginning 200,000.00

Materials Purchases 300,000.00
Total Materials Available for use 500,000.00
Materials ending 350,000.00
Raw Materials used 150,000.00

Date Particulars Units Unit Cost Total Cost

01-Jan-19 Beginning 400.00 500.00 200,000.00
02-Feb-19 Issue 100.00
15-Feb-19 Purchases 150.00 600.00 90,000.00
07-May-19 Issue 200.00
04-Sep-19 Purchases 300.00 700.00 210,000.00

Ending Inventory 550.00

Date Particulars Units Unit Cost Total

01-Jan-19 Beginning 400.00 500.00 200,000.00
15-Feb-19 Purchases 150.00 600.00 90,000.00
04-Sep-19 Purchases 300.00 700.00 210,000.00
Total 850.00 500,000.00

Weight aver cost per unit 588.24

Ending Inventory 550.00 588.24 323,529.41

Materials beginning 200,000.00

Materials Purchases 300,000.00
Total Materials Available for use 500,000.00
Materials ending 323,529.41
Raw Materials used 176,470.59
 Date Particulars Units Unit Cost Total Cost
01-Jan-19 Beginning 400.00 500.00 200,000.00
02-Feb-19 Issue - 100.00 500.00 - 50,000.00
Total Balance 300.00 500.00 150,000.00
15-Feb-19 Purchases 150.00 600.00 90,000.00
Total Balance 450.00 533.33 240,000.00
07-May-19 Issue - 200.00 533.33 - 106,666.67
Total Total 250.00 533.33 133,333.33
04-Sep-19 Purchases 300.00 700.00 210,000.00
Total 550.00 624.24 343,333.33 Ending Inventory

Materials beginning 200,000.00

Materials Purchases 300,000.00
Total Materials Available for use 500,000.00
Materials ending 343,333.33
Raw Materials used 156,666.67

Cash Discount
January 1, 2020 Company purchase materials amounting to 10,000 5/10, n/30
When Taken Method/Gross Method
01-Jan-20 Materials 10,000.00
Accounts Payable 10,000.00

05-Jan-20 Paid in full

Accounts Payable 10,000.00
Purchase Discount (10,000*.05) 500.00
Cash (10,000*.95) 9,500.00

31-Dec-20 Accounts Payable 10,000.00

Cash 10,000.00

January 1, 2020 Company purchase materials amounting to 10,000 5/10, n/30

When Not Taken Method/Net Method
01-Jan-20 Materials 9,500.00
Accounts Payable 9,500.00

05-Jan-20 Paid in full

Accounts Payable 9,500.00
Cash 9,500.00

31-Dec-20 Accounts Payable 9,500.00

Purchase Discount Lost 500.00
Cash 10,000.00

January 1, 2020 Company purchase materials amounting to 10,000 5/10, n/30

When Offered Method/Allowance Method
01-Jan-20 Materials 9,500.00
Allowance for Purchase Discount 500.00
Accounts Payable 10,000.00

05-Jan-20 Paid in full

Accounts Payable 10,000.00
Allowance for Purchase Discount 500.00
Cash 9,500.00

31-Dec-20 Accounts Payable 10,000.00

Purchase Discount Lost 500.00
Allowance for Purchase Discount 500.00
Cash 10,000.00

Freight In 300.00
Particulars Invoice Peso Freight In Total Cost
Wood 1,000.00 0.05 50.00 1,050.00
Glue 2,000.00 0.05 100.00 2,100.00
Nails 3,000.00 0.05 150.00 3,150.00
Total 6,000.00 0.05 300.00 6,300.00

Particulars Invoice Kilos Weight Freight In Total Cost

Wood 1,000.00 500.00 0.40 200.00 1,200.00
Glue 2,000.00 50.00 0.40 20.00 2,020.00
Nails 3,000.00 200.00 0.40 80.00 3,080.00
Total 6,000.00 750.00 0.40 300.00 6,300.00

01-Jan-20 Materials 6,300.00

Cash 6,300.00

01-Jan-20 Materials 6,000.00

FOH- CA 300.00
Cash 6,300.00

Spoiled Units
Chargeable to All Production
Particulars Cup cake Unit Costs
Direct Materials 25.00
Direct Labor 20.00
FOH (Includes Php 2
allowance for spoiled
goods) 15.00
Total 60.00
6,000 units were produced
When the order was completed, 100 rejected were sold at Php 10
Work In Process 360,000.00
Materials 6k X 25 150,000.00
Payroll 6K X 20 120,000.00
Factory overhead 6K X 15 90,000.00

Spoiled Goods 100 X 10 1,000.00

FOH Control 5,000.00
Work In Process 100 X 60 6,000.00

Finished Goods 354,000.00

Work in Process 354,000.00
Units 6,000.00
Spoilage 100.00
Finished Goods 5,900.00

Finished Goods 354,000.00 60.00

Finished Goods Unit 5,900.00

Chargeable to specific Job

Particulars Cup cake Unit Costs
Direct Materials 25.00
Direct Labor 20.00
FOH (Includes Php 2
allowance for spoiled
goods) 15.00 2.00 13.00
Total 60.00
6,000 units were produced
When the order was completed, 100 rejected were sold at Php 10
Work in process 348,000.00 WIP
Materials 6,000 X 25 150,000.00 348,000.00 1,000.00
Payroll 6,000 X 20 120,000.00 347,000.00
Factory Over 6,000 X 13 78,000.00

Spoilage 1,000.00
WIP (100 X 10) 1,000.00

Finished Goods 347,000.00

WIP 347,000.00

6,000.00
100.00
5,900.00