Finance
Work in Process
What sits in 1320, job by job, and what has to happen before each one clears.
In 1320 now
$55,505
4 jobs open
Still being made
$55,059
2 jobs, charge not yet receipted
Held at the gate
$351
1 off the machine, awaiting release
Cannot close until quality release
Production variance
$238,282
565 jobs closed
Cost more than standard
How a job clears
1 · Issue
Dr 1320 Work in Process
Cr 1310 Raw Materials
Cr 5200 / 5300 recoveries
Materials at weighted average, labour at the work centre rate, overhead on the labour.
2 · Receipt
Dr 1330 Finished Goods
Cr 1320 Work in Process
At standard cost, not at actual. Whatever is left in 1320 is the difference.
3 · Gate
No posting
Quality release the batch or it goes no further. The goods exist and the money stays in 1320.
4 · Closure
Dr 5400 Production Variance
Cr 1320 Work in Process
Or the other way round when it cost less. 1320 goes to nil for that job.
Open jobs
4 with a balance in 1320| Works order | Stage | Charged | Made | Receipted at standard | Variance | In 1320 | Waiting on |
|---|---|---|---|---|---|---|---|
| WO-2026-0450 SAK-CZC60 · SAK-CZC 60 · Ca/Zn one pack, 70°C cable insulation | Issued | $29,287 $29,287 mat · $0 conv
| — | — | — | $29,287 | Still on the machine |
| WO-2026-0449 ACE-CAS10 · ACE-CAS 10 · calcium stearate, PVC grade | Issued | $25,772 $21,876 mat · $3,896 conv
| — | — | — | $25,772 | Still on the machine |
| WO-2026-0448 SAK-CZP30 · SAK-CZP 30 · Ca/Zn one pack, pressure pipe | Held at the gate | $60,887 $50,544 mat · $10,343 conv
| 11,940 kg 99.5% of plan | $60,536 $5.07/kg | +$351 | $351 |
Quality release Materials or hours away from the standard the formulation is written to |
| WO-2026-0447 SAK-CZB65 · SAK-CZB 65 · Ca/Zn one pack, bottle closure, low taint | Rejected | $9,242 $7,256 mat · $1,986 conv
| 1,980 kg 99.0% of plan | $9,148 $4.62/kg | +$95 | $95 | Rejected at the gate, not for finished goods Materials or hours away from the standard the formulation is written to |
| 1320 Work in Process control account | $55,505 | Computed from the jobs, not stored beside them | |||||
Production variance posted at closure
$238,282 against standard · $0 under| Works order | Grade | Charged | Standard | Variance | Why |
|---|---|---|---|---|---|
| WO-2025-0907 Tui Faletau · 14 Dec 2025 | INT-CAST70 | $40,769 | $39,233 | +$1,537 | Yield 96.2% against a 97.2% standard, so fewer kilograms carried the same charge |
| WO-2025-0923 Malcolm Rees · 17 Dec 2025 | INT-CAST70 | $40,769 | $39,236 | +$1,533 | Yield 96.2% against a 97.2% standard, so fewer kilograms carried the same charge |
| WO-2026-0257 Tui Faletau · 19 May 2026 | INT-CAST70 | $40,769 | $39,239 | +$1,530 | Yield 96.2% against a 97.2% standard, so fewer kilograms carried the same charge |
| WO-2025-0762 Tui Faletau · 07 Sep 2025 | INT-CAST70 | $40,769 | $39,246 | +$1,523 | Yield 96.2% against a 97.2% standard, so fewer kilograms carried the same charge |
| WO-2025-0909 Sione Naufahu · 07 Dec 2025 | INT-CAST70 | $40,769 | $39,246 | +$1,523 | Yield 96.2% against a 97.2% standard, so fewer kilograms carried the same charge |
| WO-2026-0209 Sione Naufahu · 13 Apr 2026 | INT-CAST70 | $40,769 | $39,253 | +$1,516 | Yield 96.2% against a 97.2% standard, so fewer kilograms carried the same charge |
| WO-2025-0839 Malcolm Rees · 09 Oct 2025 | INT-CAST70 | $40,769 | $39,321 | +$1,448 | Yield 96.4% against a 97.2% standard, so fewer kilograms carried the same charge |
| WO-2026-0086 Tui Faletau · 18 Jan 2026 | INT-CAST70 | $40,769 | $39,369 | +$1,401 | Yield 96.5% against a 97.2% standard, so fewer kilograms carried the same charge |