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    doubtful but accountable's Avatar
    doubtful but accountable Posts: 1, Reputation: 1
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    Sep 15, 2007, 05:25 PM
    What accounts to use
    Materials requisitioned & factory labor used. What accounts do I use? Is it Work in Process and Factory overhead and materials, I am lost.
    4Melanie's Avatar
    4Melanie Posts: 7, Reputation: 2
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    Sep 17, 2007, 07:39 PM
    Quote Originally Posted by doubtful but accountable
    Materials requisitioned & factory labor used. What accounts do I use? Is it Work in Process and Factory overhead and materials, I am lost.
    With any physical product you start with Materials - straight cost there. You start to make it - it includes materials, labor and allocated overhead at this point and is work in process. When it is completed it is a finished good and includes all three materials, labor and overhead.
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