Term
| Purchased raw materials on account. |
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Definition
Raw materials Inventory A/P
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Term
| Started job #310 and applied overhead to job #310 |
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Definition
Goods in process inventory Raw Matl. Invt. Factory Overhead Raw Matl. Invt. |
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Term
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Definition
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Term
| Allocated payroll to direct and indirect accounts. |
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Definition
Goods in process inventory Factory payroll Factory Overhead Factory Payroll |
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Term
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Definition
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Term
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Definition
Goods in proccess invt. Factory Ovrhd. |
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Term
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Definition
Finished Goods Invt. Goods in process Invt.
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Term
| Sold job #310/ or recieved payment for. |
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Definition
COGS Finished Goods Invt. Sales A/R |
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