RAW MATERIALS WORK IN PROCESS FINISHED GOODS

Beg. Bal of Raw Mat Direct Materials used Beg. Bal Beg. Inventory
Net Purchases Indirect Material Used Direct Materials COGM COGM COGS
Dircet Labor
FOH
*net means already deducted purch. Returns and allow *beg. Bal is amount na di natapos *beg. Bal amount na hindi
*beg, bal in the past period in past period nabenta in past period
FACTORY OVERHEAD PAYROLL
Actual Cost Applied Cost salaries Direct Labor
Indirect Materials *cost will apply in WIP (credited) Indirect Labor
Indirect Labor
(rent. Utilities, depreciation) *all salary paid to accrue will go on this account
*all utilities expense will go on this account (debited)

RAW MATERIALS FOMULA

Beg. Balance "+"
Net Purchases "+" Direct labor "+"
Raw Materials Used (DM &IDM) "-" Direct Material "+"
Ending Raw mat. Inventory Factory Overhead "+"
Total Manufacturing Cost
RAW MATERIALS USED *total ng mga nagawa na
Beg. Balance "+"
Net Purchases "+"
Ending Balance "-" COGM - if tapos na siya nagawa na then credited sa work in process and
Raw Materials Used debited sa Finished Goods

NET PURCHASES
Ending Balance "+"
Raw Material used "+"
Beg. Balance "-"
Net Purchases

Journal Entries:

RAW MATERIALS FACTORY OVERHEAD

1. Direct Materials 1. Rent
Debit Credit Debit Credit
Work In process Raw Materials Factory Overhed control

2. Indirect Materials 2. Depreciation

Debit Credit Debit Credit
Factory Overhead Raw Materials Factory Overhead control Acc. Depreciation

PAYROLL
1. Indirect/Direct Labor (to accrue) WORK IN PROCESS
Debit Credit 1. COGM
Payroll Salary Payable Debit Credit
Finished Good Inventory Work In Process
1. Direct Labor
Debit Credit
Work In process Payroll

2. Indirect Labor
Debit Credit
Factory Overhead Payroll
RAW MATERIALS FOMULA WORK IN PROCESS FORMULA
Beg. Balance "+" Beg. Balance "+"
Net Purchases "+" Direct Materials "+"
Raw Materials Used (DM &IDM) "-" Direct Labor "+"
Ending Raw mat. Inventory Factory Overhead "+"
COGM "-"
RAW MATERIALS USED Ending Balnce in WIP
Beg. Balance "+"
Net Purchases "+" COGM
Ending Balance "-" Beg. Balance "+"
Raw Materials Used Direct Materials "+"
Direct Labor "+"
NET PURCHASES Factory Overhead "+"
Ending Balance "+" Ending Balance in WIP "-"
Raw Material used "+" COGM
Beg. Balance "-" TMC
Net Purchases BEG. BALANCE 1. Direct Materials
Ending Balnce "+" 2. Direct Lbor
COGM "+" 3. Factory Overhead
TMC "-" *add all the three it
Beg. Balance will be the TMC
FACTORY OVERHEAD FORMULA
Beg. Bal "+"
COGM "+"
COGS "-"
Ending bal. in FOH

COGS
Beg bal "+"
COGM "+"
Ending bal "-"
COGS