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Part III Problem Bud Billikan Manufacturing Company uses a perpetual inventory system to control materials. Data relating to Material XY during January 2009 are given
Part III Problem Bud Billikan Manufacturing Company uses a perpetual inventory system to control materials. Data relating to Material XY during January 2009 are given below. Jan. 1 6 12 13 17 31 Balance, 100 units at $4.00 each. Received 150 units at $4.05 each, Purchase Order 15 Issued 170 units, Requisition 1 Received 180 units at $4.10 each, Purchase Order 16 Issued 100 units, Requisition 2 Issued 20 units, Requisition 3 Instructions Enter the beginning balance on a materials ledger card for each of the three inventory valuation methods: FIFO, LIFO, and moving average. Record each of the transactions on each of the materials ledger cards provided. MATERIALS LEDGER CARD (FIFO Cost Method) DATE REFERENCE RECEIVED PRICE AMOUNT ISSUED PRICE BALANCE PRICE AMOUNT UNITS UNITS AMOUNT UNITS
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