Page 97 - Demo

جميع الحقوق محفوظة ـ اإلعتداء عىل حق املؤلف 97 بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونيةb)Vendor’s invoice: is a document received from the vendor and shows the amount owed for an acquisition3. Store the raw material:Once received, materials are normally stored in a stockroom. To update the inventory master files and record transfers from raw materials to workin process accounts a) Raw material master file 4. Process the Goods:Actually, start the manufacturing process on raw materials, and compute cost of inventory material, labor, and overhead costs by job or process as those costs are incurred. a) WIP master file: b) Cost accounting records consist of master files, that accumulate material, labor, and overhead costs by job or process as those costs are incurred.5. Store Finished Goods:When completed, the related costs are transferred from work-in-process to finished goods based on production department reports. and finished goods are placed in the stockroom to await shipment., kept under physical control in a separate, limited-access area. a) Finished Goods master file b) Cost accounting records: Finished goods costs include raw materials, direct labor, and manufacturing overhead, which often requires allocations and detailed record keeping.