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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
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. Assume a firstin firstout cost flow. 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: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. Assume a firstin firstout cost flow.
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 subsidary ledger, a marterials 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 an idle in time, or a materials ledger cannot assist managment with information about materials on order.
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