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Bravo Wire Enterprises is a manufacturer of electrical conductors. The following incomplete subsidiary ledger is for wire cable during July: a. Complete the materials


  1. Bravo Wire Enterprises is a manufacturer of electrical conductors. The following incomplete subsidiary ledger is for wire cable during July:

    a.  Complete the materials issuances and balances for the wire cable subsidiary ledger. Assume a first-in, first-out cost flow.

    Received
    Receiving
    Report
    Number


    Received
    Quantity


    Received
    Unit Price
    Issued
    Materials
    Requisition

    Number
    Issued
    Quantity
    Issued
    Amount
    Balance
    Date
    Balance
    Quantity
    Balance
    Amount
    Balance
    Unit Price
          July 1260$2,340$9
    27180$11   July 5$$
           $$
       106290$July 10$$
    33120$13   July 20$$
           $$
       119170$July 26$$

    b.  Determine the balance of wire cable at the end of July.
    $

    c.  Determine the total amount of materials transferred to Work in Process for July.
    $

    d.  All of the following statements about a materials ledger are true except:

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