Recording Issuing of Materials

Materials issued for the current month are as follows:

Requisition No.	Material	Job No.	Amount
945	Fiberglass	78	$20,768
946	Plastic	93	10,148
947	Glue	Indirect	1,127
948	Wood	99	3,717
949	Aluminium	108	39,471

a. Determine the amount of materials transferred to Work in Process and Factory Overhead for the current month.

Materials transferred to Work in Process	$
Materials transferred to Factory Overhead	$

b. Illustrate the effect on the accounts and financial statements of the materials transferred in (a).

If no account or activity is affected, select "No effect" from the drop-down list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts.

Statement of Cash Flows	Balance Sheet
	Assets					=	Liabilities	+	Stockholders' Equity
		+		+		=		+
Statement of Cash Flows										Income Statement