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Particulars Dr. (Amount in) 3,90,000 Cr. (Amount in) 3.90.000 5.850 5,850 3.58.800 3,58,800 3,46,320 3,46,320 Stores ledger control a/c Dr. To General Ledger Adjustment a/c (Being the entry for purchase of materials) Stores Ledger Control a/c Dr. To General Ledger Adjustment alc (Being carriage inward treated as part of the cost of materials purchased) Work-in-progress Ledger Control a/c Dr. To Stores Ledger Control a/c (Being stores issued to production) Wages Control a/c Dr. To General Ledger Adjustment a/c (Being Payment of Wages) Factory Overhead Control a/c Dr. To Cost Ledger Control alc (Being indirect wages incurred) Factory Overhead Control a/c Dr. To Cost Ledger Control a/c (Being works overhead other than indirect wages) Factory Overhead Control a/c Dr. To Stores Ledger Control a/c (Being materials used in repairs) Finished Stock Ledger Control a/c Dr. To Work-in-progress Ledger Control a/c (Being completed production transferred to finished stock) 1.21.680 1.21.680 3,48,400 3,48,400 3,120 3.120 12.80,630 12,80,630 p60 Illustration 3 Cr. As at 31st March 2014, the following balances existed in a company's cost ledger Dr. Stores Ledger Control a/c 6,02,870 Work-in-progress Ledger Control a/c 2,44,730 Finished Stock Ledger Control a/c 5,03.890 Manufacturing Overhead Control a/c Cost Ledger Control a/c 21.050 13.30.440 13.51,490 13.51.490 During the next three months the following items arose (1) Raw materials purchased (2) Materials returned to suppliers (3) Materials issued to production (4) Factory wages (5) Manufacturing overhead incurred (6) Indirect labour (7) Manufacturing overhead charged to production (8) Cost of sales (9) Sales returns at cost (10) Finished product at cost Pass the necessary entries, open ledger accounts and prepare trial balance. 2,46,000 5.800 2.54,630 1,01,060 1.83,020 43,330 1,54,400 3.71.780 10,760 4.21,670

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