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Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of wire cable for July is as follows: a. Complete the materials issuances
Cost of Materials Issuances Under the FIFO Method 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 under FIFO Received Issued Balance Receiving Quantity Unit Unit Materials Requisition Number Quantity Amount Date Quantity Amount Price Report Number price uly 1 July 2 300 $18.00 $5,400 31 200 $20.00 200 20 4000 106 320 July 6 20 37 140 32.00 July 12 115 200 July 21 32
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