Raw Materials Inventory

DEBIT CREDIT

Beginning Balance Issuance to Production

Purchases Return of Materials
Return of excess materials issued
to production
Direct Labor
DEBIT CREDIT

Beginning Balance Issuance to Production

Salaries, wages, benefits
Factory Overhead
DEBIT CREDIT

Beginning Balance Issuance to Production ( actual or normal)

All indirect cost related to
production
Work in Process Inventory
DEBIT CREDIT

Beginning Balance Issuance of completed goods to FGI

Materials Issued to production Return of excess raw materials
Labor cost issued to production
Factory Overhead
issued to production
Finished Goods Inventory
DEBIT CREDIT

Beginning Balance Cost of Goods Sold

Cost of goods completed in WIP