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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
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. Issued Received Materials Receiving Requisition Report Number Quantity Unit Price Number Quantity Amount 23 150 $10 108 250 29 100 $12 121 150 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. Issued Received Materials Receiving Requisition Report Number Quantity Unit Price Number Quantity Amount 23 150 $10 108 250 29 100 $12 121 150 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
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