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 Report Number	Quantity	Unit Price		Materials Requisition Number	Quantity	Amount		Date	Quantity	Amount	Unit Price
								July 1	370	$1,850	$5
21	260	$7						July 5		$	$
										$	$
				106	420	$		July 10		$	$
27	170	$9						July 20		$	$
										$	$
				119	250	$		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.