The fundamental economic problem is meeting people’s virtually unlimited needs and wants with limited resources.Question 3 optio
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Complete Question:
The first two files attached contain the complete question
Answer:
Other file shows a step by step solution as follows
answer 1
answer2 etc
Answer:
Following are the solution to this question:
Explanation:
In point 1:
Date Title post reference Dr. Cr. 30-sep Method work – refining 141 388000
Materials 131 385000
In point 2:
Date Title post reference Dr. Cr. 30-sep Method work – refining 141 141000
Payable Wages 251 141000
In point 3:
Date Title post reference Dr. Cr. 30-sep Method work – refining 141 96800
Factory overhead- refining 151 96800
In part B:
Date Title post reference Dr. Cr. 30-sep Method work – Sifting 142 625600
Method work – refining 141 625600