An incomplete subsidiary ledger of wire cable for May is as follows: a. Complete the materials issuances
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An incomplete subsidiary ledger of wire cable for May is as follows:
a. Complete the materials issuances and balances for the wire cable subsidiary ledger.b. Determine the balance of wire cable at the end of August.c. Determine the total amount of materials transferred to work-in-process for August.d. Explain how the materials ledger might be used as an aid in maintaining inventory quantities onhand.
Transcribed Image Text:
BALANCE RECEIVED ISSUED Receiving Materials Unit Requisition Number Quantity Price Number Unit Report Quantity Amount Date Quantity Amount Price May 1 May 2 May 6 May 12 May 21 $2,400 $8.00 300 $10.00 24 210 101 340 30 12.00 140 114 200
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a b Ending wire cable balance 110 at 1200 1320 c Work in Process 2800 2060 4860 d Compa...View the full answer
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