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249 Mini-Practice Set One Job Order Cost Accounting You have learned how to account for the basic elements of manufacturing costs. This prac- tice set combines these various techniques and principles in a practical application for Stor- age Solutions, Inc. You will be required to perform the duties not only of the cost accoun- tant but also of the storeroom clerk, voucher clerk, and other factory personnel. STORAGE SOLUTIONS, INC. Storage Solutions, Inc., is a manufacturer of modular storage and media units for the home and office. The components manufactured by the company include bookcases, entertain- ment centers, and shelving units. These products are popular because of their trendy design features and ability to be arranged in multiple configurations. Production is divided be- tween custom orders and standard models manufactured for stock The Production Division consists of three producing departments and two service de- partments. The producing departments are Shaping, Assembly, and Finishing. The ser- gins in the Shaping Department, where wood, glass, and plastic are shaped into the component parts that make up the finished units. These parts are transferred to the As sembly Department, where they are assembled. In the Finishing Department, a variety of finishes are applied and hardware is attached to the assembled units. The Building Services and General Factory departments perform activities similar to those described for Grand Slam Uniforms in this text. Finished products are sold to home furnishing stores across the country. COST ACCOUNTING SYSTEM Storage Solutions'cost accounting system includes a number of journals, ledgers, and cost accounting forms. All forms required are found in the Study Guide and Working Papers. Entries have been made on these forms where indicated. If you are not using the Study Guide and Working Papers, you will have to record on appropriate on pages 253 to 258 of this text. forms all the data shown Journals The seven journals used for making original entries are listed here, as are the initials to be used for posting references. 244 249 Mini-Practice Set One Job Order Cost Accounting You have learned how to account for the basic elements of manufacturing costs. This prac- tice set combines these various techniques and principles in a practical application for Stor- age Solutions, Inc. You will be required to perform the duties not only of the cost accoun- tant but also of the storeroom clerk, voucher clerk, and other factory personnel. STORAGE SOLUTIONS, INC. Storage Solutions, Inc., is a manufacturer of modular storage and media units for the home and office. The components manufactured by the company include bookcases, entertain- ment centers, and shelving units. These products are popular because of their trendy design features and ability to be arranged in multiple configurations. Production is divided be- tween custom orders and standard models manufactured for stock The Production Division consists of three producing departments and two service de- partments. The producing departments are Shaping, Assembly, and Finishing. The ser- gins in the Shaping Department, where wood, glass, and plastic are shaped into the component parts that make up the finished units. These parts are transferred to the As sembly Department, where they are assembled. In the Finishing Department, a variety of finishes are applied and hardware is attached to the assembled units. The Building Services and General Factory departments perform activities similar to those described for Grand Slam Uniforms in this text. Finished products are sold to home furnishing stores across the country. COST ACCOUNTING SYSTEM Storage Solutions'cost accounting system includes a number of journals, ledgers, and cost accounting forms. All forms required are found in the Study Guide and Working Papers. Entries have been made on these forms where indicated. If you are not using the Study Guide and Working Papers, you will have to record on appropriate on pages 253 to 258 of this text. forms all the data shown Journals The seven journals used for making original entries are listed here, as are the initials to be used for posting references. 244