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cost accounting Part 111 Problem Bud Billikan Manufacturing Company uses a perpetual inventory system to control materials. Data relating to Material XY during January 2009

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cost accounting

Part 111 Problem Bud Billikan Manufacturing Company uses a perpetual inventory system to control materials. Data relating to Material XY during January 2009 are given below. Jan. 1 6 12 13 17 31 Balance, 100 units at $4.00 each. Received 150 units at $4.05 each, Purchase Order 15 Issued 170 units, Requisition 1 Recelved 180 units at $4.10 each, Purchase Order 16 Issued 100 units, Requisition 2 Issued 20 units, Requisition 3 Instructions Enter the beginning balance on a materials ledger card for each of the three inventory valuation methods: FIFO, LIFO, and moving average. Record each of the transactions on each of the materials ledger cards provided

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