A company which operates a batch costing system is fully integrated with the financial accounts. During a particular period materials worth - 30,000…
CA Intermediate · Cost and Management Accounting · PYQS · May 2025
A company which operates a batch costing system is fully integrated with the financial accounts. During a particular period materials worth - 30,000 and - 20,000 were issued to production and Factory Maintenance respectively. The following control A/cs are being maintained. (i) Store ledger control A/c. (ii) Work-in-progress control A/c. (iii) Production overhead control A/c. (iv) Finished goods control A/c. From the above information, identify which account/accounts will be debited to effectuate the issuance of materials:
Suggested Answer and Working Notes:
Correct Answer: Option (B)
(ii) & (iii)
Topics: Overheads - Absorption Costing Method
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