Weighted average

E10-8 Cost of materials issuances An incomplete subsidiary ledger of wire cable for July is as follows: RECEIVED ISSUED BALANCE Receiving Report Number Materials Unit Requisition Number Unit Quantity Amount Price $1,500 $6.00 Quantity Price Quantity Amount Date July 1 July 5 July 10 July 20 250 $7.50 400 309 7401 480 8.00 800 422 July 26 650 7639 a. Complete the materials issuances and balances for the wire cable subsidiary ledger. b. Determine the balance of wire cable at the end of July C. Determine the total amount of materials transferred to Work in Process for July. d. Explain how the materials ledger might be used as an aid in maintaining inventory quanti- ties on hand. Note: The spreadsheet icon indicates an Excel template is available on the student companion site