2. ACC 305 Dr. Rose Martin Page 3 Presented by: Glenda Disselkoen Lelah Stiger Selena Du Laura Noguera

3. Document File A=Alphabetically, D=Date,& N=Numerically Input/Output Journal/Ledger Job Time Cards Represents the input of information or the output of a calculation or an answer. Connector

4. Definitions Inventory Status Report – Keeps count of Inventory. Factor Available Report – Keeps track of employee hourly availability, factory availability, and maintenance. Production Order - A document authorizing the manufacturer of a specified quantity of a particular product. It lists the operations to be performed, the quantity to be produced, and the location to which the finished product is to be delivered. (Pg. 464) Journal Voucher – A form used to summarize a group of transactions. (Pg. 784) Material Requisition – Authorizes the removal of the necessary quantity of raw materials from the storeroom to the factory location in which production operations are to begin. (Pg.785) Master Production Schedule – Specifies how much of each product is to be produced during the planning period and when that production should occur. (Pg. 462)

5. Inventory Status Report Inventory Status Report Factor Availability Report Factor Availability Report Raw Materials & Finished Goods Production Control Production Department Inventory Control

6. Production Control Production Department Inventory Control Cost Accounting General Ledger Production Order 1 2 3 Production Order 2 N Journal Voucher Journal Voucher Materials Placed in Production Production Order Post to WIP Records 1 WIP XXX Raw Materials XXX

7. Production Control Production Department Inventory Control Cost Accounting General Ledger Material Requisition 1 1 Material Requisition 1 2 3 4 N N Material Requisition 1 2 3 Material Requisition 2 Post to WIP Records Attach to Completed Production Order

8. Production Control Production Department Inventory Control Cost Accounting Post to WIP Records Production Schedule 1 Production Schedule 1 2 N Job Time Cards Job Time Cards DL XXX OH XXX DL Payable XXX Applied WIP XXX Journal Voucher Journal Voucher Conversion Costs

9. Production Control Production Department Inventory Control Cost Accounting General Ledger Journal Voucher Journal Voucher Summarize Production Cost of Goods Manufactured Post to Inventory Records M M Production Status Production Status Completed Production Order Completed Production Order Completed Production Order Management 2 2 2 Finished Goods XXX WIP XXX