Process Order - (Production completion With in the Month)

1 20.11.2014 Process Order Created

21.11.2014
Type
1
P&L
B/S
25.11.2014
Type
B/S
P&L

FG-1
Raw Materail Issue to Prduction
Particulars
RM Consumption A/c
To Raw Materail Stock A/c
Good Receipt for Finish Goods
Particulars
FG Stock A/c

2 30.11.2014

To Cost Of Goods Manufactured

Overhead Charge to Process Order/ Product - 20/-

01.12.2014

Variance Calculation - (actual cost Vs target Cost)

Type
P&L
P&L
Type

B/S
01.12.2014 P&L
Type
B/S
02.12.2014 P&L
4

Qty-1
Dr.
Cr.
1010
1010
Dr.

Cr.

1000
1000

Particulars
Dr.
Cr.
Production Variance A/c
30
Cost Of Goods Manufactured
30
Product Cost Estimates (Overhead of Rs- 20 Charged on FG)
Particulars
Dr.
Cr.
FG Stock A/c
Price Difference
Goods Issue to customer
Particulars
Cost of Goods Sold
FG Stock A/c

30
30
Dr.
Cr.
1030
1030

Balance Sheet for the Month - Nov-14

20.11.2014 RM stock
21.11.2014 RM stock
25.11.2014 FG Stock

1010
-1010
1000
1000

Balance Sheet for the Month - Dec-14

01.12.2014 FG Stock
01.12.2014 FG Stock
02.12.2014 FG Stock

1000
30
-1030
0

Profit & Loss Account Nov-12

10.11.2014 Overhead Exp A/c
30.11.2014 Prduction Variance
21.11.2014 RM Consumption

20 25.11.2014 Cost Of Goods Mfg.

30 30.11.2014 Cost Of Goods Mfg.
1010
c/f
1060
Profit & Loss Account Dec-12

02.12.2014 COGS A/c

C/f
NP

1030 01.12.2014 Price Difference

02.12.2014 Sale Account
30
470
1530

1000
30
30
1060
30
1500

1530