Jobs(K.Shs) Progress(K.Shs)Raw materials 80,000.00supplied fromstores32,000.00Wages100,000.00 40,000.00Chargeableexpenses10,000.004,000.00Materialsreturned tostores1,000.00The additional information are as follows:Factory overheads are 80% of wages.Office overheads are 25% of factory costand selling distribution overheads are 10%of cost of production. The complete jobsrealized Kshs. 410,000. You are required towrite up:i. Work- in-progress Ledger controlaccountii. Completed job ledger control accountandiii. Cost of sales account A) The following information for the yearended 31 December 2020 is obtainedfrom the books and records of afactory:stCompleted Work-in-Jobs(K.Shs) Progress(K.Shs)Raw materials 80,000.0032,000.00supplied fromstores100,000.00 40,000.00WagesChargeableexpenses|10,000.004,000.001,000.00Materialsreturned tostoresThe additional information are as follows:Factory overheads are 80% of wages.Office overheads are 25% of factory costand selling distribution overheads are 10%of cost of production. The complete jobs

Name: Jobs(K.Shs) Progress(K.Shs)Raw materials 80,000.00supplied fromstores
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Description: Jobs(K.Shs) Progress(K.Shs)Raw materials 80,000.00supplied fromstores32,000.00Wages100,000.00 40,000.00Chargeableexpenses10,000.004,000.00Materialsreturned tostores1,000.00The additional information are as follows:Factory overheads are 80% of wages.

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Business

Accounting

Jobs(K.Shs) Progress(K.Shs) Raw materials 80,000.00 supplied from stores 32,000.00 Wages 100,000.00 40,000.00 Chargeable expenses 10,000.00 4,000.00 Materials returned to stores 1,000.00 The additional information are as follows: Factory overheads are 80% of wages. Office overheads are 25% of factory cost and selling distribution overheads are 10% of cost of production. The complete jobs realized Kshs. 410,000. You are required to write up: i. Work- in-progress Ledger control account

Jobs(K.Shs) Progress(K.Shs) Raw materials 80,000.00 supplied from stores 32,000.00 Wages 100,000.00 40,000.00 Chargeable expenses 10,000.00 4,000.00 Materials returned to stores 1,000.00 The additional information are as follows: Factory overheads are 80% of wages. Office overheads are 25% of factory cost and selling distribution overheads are 10% of cost of production. The complete jobs realized Kshs. 410,000. You are required to write up: i. Work- in-progress Ledger control account

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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