Accounting · Cost Accounting
The Material stores control account for Store CO for March shows Debit balance b/d $12,000, Suppliers $49,000, Work in progress $18,000 (Total $79,000) and Credit Work in progress $40,000, Overhead control $12,000, Balance c/d $27,000 (Total $79,000). Which of the following statements are correct? (i) Issues of direct materials during March were $18,000 (ii) Issues of direct materials during March were $40,000 (iii) Issues of indirect materials during March were $12,000 (iv) Purchases of materials during March were $49,000
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All of them
- 2(ii), (iii) and (iv) only✓
- 3(ii) and (iv) only
- 4(i) only
Correct answer
(ii), (iii) and (iv) only
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