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Purple Corp. a high-technology company, utilizes the following procedures for recording materials and and...

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Accounting

Purple Corp. a high-technology company, utilizes the following procedures for recording materials and

and transferring them to work in process.

1. Upon receipt of raw materials by stores, the storekeeper prepares a stock-in report with part

number and quantities, files the original date, and sends a copy to accounting.

2. The inventory accounting clerk uses the stock-in report to post the perpetual inventory records

using standard costs, and files the stock-in report by date.

3. Raw material requisitions, which show part number and quantity, are prepared by he manufacturing

clerk and approved by the supervisor of manufacturing. A copy of the requisition is sent to

accounting, and the original is filed by job order.

4. The inventory accounting clerk reviews the requisitions for completeness, transfers the cost from

raw materials to work in process, and files the requisitions by date.

Required:

How to make flowchart which describes the client's system of recording raw materials and transferring them to work in process.

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