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Recording Issuing of Materials Materials issued for the current month are as follows: Requisition No. 945 946 947 948 949 Materia Job No.Amount Fiberglass Plastic
Recording Issuing of Materials Materials issued for the current month are as follows: Requisition No. 945 946 947 948 949 Materia Job No.Amount Fiberglass Plastic Glue Wood Aluminium 78 93 Indirect $112,850 77,620 3,330 28,550 49,100 108 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. Balance Sheet Statement of Cash Assets Liabilities +Stockholders' Equity Flows Statement of Cash Flows Income Statement
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