BOSS NAIK Accounting Series

JOB ORDER COSTING

PURCHASE OF
PROCUREMENT

BOSS NAIK Accounting Series

MATERIALS,
INCURRENCE OF
LABOR AND
OVERHEAD

ISSUANCE OF

SELLING COST OF GOODS

SOLD
MANUFACTURING
COSTS TO WORK IN PRODUCTION
PROCESS

FINISHED GOODS
WAREHOUSING
Procurement Stage

BOSS NAIK Accounting Series

Purchase of Materials
Materials Inventory
Accounts Payable

Factory Wages
Payroll
SSS Payable
Withholding Tax Payable
Accrued Payroll/Salaries Payable
Procurement Stage

BOSS NAIK Accounting Series

Overhead Cost Incurred
FOH Control Account
Various Accounts
Production Stage

BOSS NAIK Accounting Series

Materials Issuance to WIP
Work In Process
FOH Control Account If there is Indirect Materials

Materials Inventory

Labor Issuance to WIP

Work In Process
FOH Control Account If there is Indirect Labor

Payroll
 Production Stage

BOSS NAIK Accounting Series

FOH APPLIED to WIP
Work In Process
FOH Control Account
 BOSS NAIK Accounting Series
Production Stage
BOSS NAIK Accounting Series
BOSS NAIK Accounting Series
BOSS NAIK Accounting Series
BOSS NAIK Accounting Series
BOSS NAIK Accounting Series
BOSS NAIK Accounting Series
BOSS NAIK Accounting Series