Mantra Nunda Company

Journal
No

Details

Cr(Tk)

Raw materials
Account payable

410000

Work in process
Manufacturing Overhead
Raw materials

360000
20000

Work in process
Manufacturing overhead
Sales commission
Administrative salaries
Salaries and wages payable

75000
110000
95000
200000

Sales Travel expense

Account Payable

17000

Manufacturing overhead
Account payable

43000

Advertising expense
Account payable

180000

Manufacturing overhead
Depreciation expense
Accumulated depreciation

280000
70000

4
5
6
7

Dr(Tk)
410000

380000

480000
17000
43000
180000

350000

No

Details

Dr(tk)

Manufacturing overhead
Insurance expense
Prepaid insurance

7000
3000

Work in process
Manufacturing overhead

455000

Finished goods
Work in process

1000000

Account receivable
Sales

1700000

Cost of goods sold

Finished goods

1070000

9
10
11
12

Cr(tk)

10000
455000
1000000
1700000
1070000
Predetermined overhead

Rate:
Estimated manufacturing overhead cost
350000
=-----------------------------------------------------------=-------------- =7

Inventories
No Details

Taka

No

Details

Taka

410000

Work-inprocess
Manufacturing
overhead
Balance c/d

360000
20000
30000
_________
410000
=======

Account payable

__________
410000
=======

No Details
12

Finished goods
Balance c/d

Cost of goods
sold
Taka
No
Details
1070000
_________
1070000
========
1070000

Balance c/d

Taka
1070000

Finished goods
No

Details

Taka

No

Details

Taka

10

Work-in-process
Balance c/d

1000000
70000
----------------1070000

12

Cost of goods sold

1070000
--------------1070000
========
70000

Balance b/d

Manufacturing
No

Details

Taka

No

Details

Taka

2
3

Raw materials
Salaries and wages
payable
Account payable
Accumulated
depreciation
Prepaid Insurance

20000

Work-in-process

455000

Balance c/d

5000

5
7
8

110000
43000
280000
7000
--------------460000
=======

---------------460000
========

3) Under applied = 5000

Journal
Cost of good sold Dr-5000
Manufacturing overhead-cr-5000
Income Statement
Details

Taka

Sales
Less : Cost of goods
Less: Selling and administrative overhead
Sales Commission
Administrative salaries
Sales travel expense
Advertising expense
Depreciation expense
Insurance expense
Net operating cost/profit

Taka
1700000
1070000
--------------630000

95000
200000
17000
180000
70000
3000

565000
-------------65000

Process
A
Details

Qty

Beginn 3000
ing
Wages
Direct
Expens
e
Factory
overhe
ad
------3000

C.P. Total
U
Cost
25000
13200

Details

Qty

Normal
150
loss
Abnormal 50
2350
loss
Transferre
7450
d to
process B 2800
------------------3000
48000
===
=====
==
==

C.P.U

Total
cost

300

16.737 837
16.737 46863
----------48000
=====
==

Process B
Details

Qty

C.P.
U

Total
Cost

Details

Qty

C.P.U

Total
cost

Receiv
ed
from
proces
sA
Materi
als
Wages
Direct
Expens
e
Factor
y
overhe
ad

280
0

16.7
37

46863

Normal
loss
Abnormal
loss
Transferre
d to
process C

112

448

38

26.454 1006

2650
-------2800
===
==

26.454 70209
----------26.454 71663
=====
==

1400
15000
1520
6880
------280
0
==
==
=

---------71663
====
==

Process C
Details

Qty

Receiv 265
ed
0
from
proces
sB
Materi
als
Wages
Direct
Expens
e
Factor
y
overhe
ad
50
Cost of
bottlin
g
Abnor

C.P.
U

Total
Cost

Details

Qty

C.P.U

Total
cost

26.4
94

70209

Normal
loss

80

400
1006

533
8210
690
4300

33.3
5

2167
----------86109
1668
-----------87777
====
===

Transferre
d to
2620
process D -------2700
===
==

33.35

87377
----------87777
=====
==

Process D

Details

Qty

C.P.
U

Total
Cost

Details

Qty

C.P.U

Total
cost

Receiv
ed
from
proces
sC
Materi
als
Wages
Direct
Expens
e
Factor
y
overhe
ad
Cost of

262
0

33.3
5

87377

Normal
loss
Abnormal
loss
Transferre
d to
process
Finished
goods

52

10

520

18

40.852 735

2550
-------2620
===
==

40.852 104173
----------105428
=====
==

1000
8000
550
5500

------280
0

3000
---------105427
====
==