Question 3: A manufacturing Co. Ltd. opens the costing records, with the balances as on 1April, 2012 as follows:ParticularsMaterial control AleWon-in-progress A/cFinished Goods A/cProduction Overheads A/cAdministration Overheads A/cSelling and Distribution Overheads A/cGeneral Ledger Control A/cThe following are the transactions for the year ended 31 March, 2012Materials PurchasedMaterials Issued to JobsMaterials to Works MaintenanceMaterials to Administrative OfficeMaterials to Selling DepartmentWages DirectWages IndirectTransportation for incoming MaterialsProduction OverheadsAbsorbed Overheads ProductionAdministrative OverheadsAllocated to ProductionAllocated to SalesSales OverheadsSales Overheads AbsorbedFinished Goods ProducedFinished Goods SoldSales Realisation1,24,00062.5001.24,00084006.2503,25,15012.0003.13.1503,25,1504.80.1004,77 40041,2003.4007,2001.49.30065,0008,4002.42.2503.59.10074.00052.90014,80064.20082.0009.58.4009.77,30014.43.000Required: Make up the various accounts as you envisage in the Cost Ledger and prepare a Trial Balancesas at 31 March, 2012:

Answered: Image /qna-images/answer/f7450ebd-b0ae-42d3-8a68-9cbe90d2d51b.jpg

Answered: April, 2012 as follows: Particulars…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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