During August, the receipts and distributions of Material No. B4G9 are as follows:

		Received
Aug.	3	1,100 units at $15
	16	1,700 units at $17
	29	900 units at $18
		Issued
Aug.	11	700 units for Job No. 116
	18	1,900 units for Job No. 117
	30	800 units for Job No. 118

	(a) Determine the cost of each of the three issues under a perpetual system, using the first-in, first-out method.
	(b) Present the journal entry to record the issuance of the materials for the month, assuming that the cost of issuances is determined by the first-in, first-out method. Refer to the Chart of Accounts for exact wording of account titles.

Determine the cost of each of the three issues under a perpetual system, using the first-in, first-out method.

Cost of Issue
Aug. 11
Aug. 18
Aug. 31

Present the journal entry to record the issuance of the materials for August 31, assuming that the cost of issuances is determined by the first-in, first-out method. Refer to the Chart of Accounts for exact wording of account titles.

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JOURNAL

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
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