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.

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.

Cost of Materials Issuances 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 Report Requisition Number Number Quantity Unit Price Quantity Amount Date Quantity Amount Unit Price 350 $5 July 1 July 5 27 240 $7 / 350 240 $ $ $1,750 1,750 1,680 $ C N 104 400 $ July 10 July 20 33 160 $9 117 230 $ 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: A materials ledger is a subsidiary ledger. A materials ledger contains the individual accounts for each type of material. Comparing quantities on hand as reported in the materials ledger with predetermined order points enables management to order materials before a lack of materials causes idle time. A materials ledger cannot assist management with information about materials on order