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An incomplete subsidiary ledger of wire cable for July is as follows: a. Complete the materials issuances and balances for the wire cable subsidiary ledger.
An incomplete subsidiary ledger of wire cable for July is as follows: a. Complete the materials issuances and balances for the wire cable subsidiary ledger. Apply a FIFO inventory flow assumption. Received Issued Balance Receiving Materials Requisition Report Number Quantity Unit Price Number Quantity Amount Date Quantity Amount Unit Price July 1 270 $2,160 $8 21 190 $10 July 5 $ $ $ $ 102 310 July 10 $ $ llllll 27 130 $12 July 20 $ $ $ $ 115 180 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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