Homework Answers
| The only requirement pending in the question is Part-c | ||||||
| The journal entry for Part-c is as under: | ||||||
| Journal entry | ||||||
| S.no. | Accounts title and explanations | Debit $ | Credit $ | |||
| a. | Work in process inventory | 4,290 | ||||
| Materials inventory (2,490+1,800) | 4,290 | |||||
| (for material issued in May month) | ||||||
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eBook w To Calculator c. Journalize the summary entry to transfer materials to work in process....
CH 16 EXERCISES 3,4,8,10,14.15 eBook Calculator Cost of Materials Issuances Under the FIFO Method An incomplete...
CH 16 EXERCISES 3,4,8,10,14.15 eBook Calculator Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Balance Receiving Report Number Quantity Unit Price Materials Requisition Number Quantity Amount Date Quantity Unit price Amount 285 $30.00 $8,550 May 1 May 4 130 $32.00 91 365 $ May 10 May 21 110 38.00 100 May 27...
Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for...
Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Balance Receiving Report Number Quantity Unit Price Materials Requisition Number Quantity Amount Date Quantity Unit price Amount Amount May 1 370 $5 $1,850 27 260 $7 May 4 103 420 May 10 33 170 May 21 116 250 May 27 Feedback Check My Work...
Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for...
Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Balance Receiving Report Number Quantity Unit Price Materials Requisition Number Quantity Amount Date Quantity Unit price Amount May 1 210 $7 $1,470 26 150 $9 May 4 105 240 $ May 10 32 100 11 May 21 118 140 May 27 b. Determine the...
Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for...
Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Receiving Materials Unit Report Quantity Requisition Quantity Amount Price Number Number Balance Amount Date Quantity Unit price Amount May 1 290 $5 $1,450 1,450 ✓ 24 200 $7 May 4 290 ✓ 5 200 7 → 1,400 108 330 May 10 30 140 9...
Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for...
Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Balance Receiving Report Number Quantity Unit Price Materials Requisition Number Quantity Amount Date Quantity Unit price Amount May 1 210 $5 $1,050 27 150 $7 May 4 102 240 $ May 10 33 100 9 May 21 115 140 May 27 b. Determine the...
Calculator Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory...
Calculator Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO Received Issued Balance Receiving Report Number Quantity Unit Price Materials Requisition Number Quantity Amount Date Quantity Unit price 200 $7 140 $9 May 1 May 4 103 230 °C 28 90 11 May 10 May 21 116 130 May 27 b. Determine the materials inventory...
Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for...
Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Balance Receiving Report Number Quantity Unit Price Materials Requisition Number Quantity Amount Date Quantity Unit price Amount May 1 350 $5 $1,750 24 240 $7 May 4 103 400 $ May 10 30 160 9 May 21 116 230 May 27 b. Determine the...
Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for...
Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Balance Receiving Report Number Quantity Unit Price Materials Requisition Number Quantity Amount Date Quantity Unit price Amount May 1 280 $8 $2,240 25 200 $10 May 4 100 320 $ May 10 31 130 12 May 21 113 190 May 27 Feedback a. Calculate...
Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for...
Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Balance Receiving Report Number Quantity Unit Price The form or electronic transmission used by a manufacturing department to authorize materials issuances from the storeroom.Materials Requisition Number Quantity Amount Date Quantity Unit price Amount May 1 285 $30.00 $8,550 40 130 $32.00 May 4 91 365...
I can't figure out how to answer this. Need assistance. Cost of Materials Issuances Under the...
I can't figure out how to answer this. Need assistance.
Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO Received Issued Balance Receiving Materials Unit Unit Report Quantity Number Requisition Quantity Amount Date Quantity Amount Price price Number 310 310 220 112 X $1,550 1,550 1,540 May 1 $5 25 220 May 4 5 108...
CH 16 EXERCISES 3,4,8,10,14.15 eBook Calculator Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Balance Receiving Report Number Quantity Unit Price Materials Requisition Number Quantity Amount Date Quantity Unit price Amount 285 $30.00 $8,550 May 1 May 4 130 $32.00 91 365 $ May 10 May 21 110 38.00 100 May 27...
Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Balance Receiving Report Number Quantity Unit Price Materials Requisition Number Quantity Amount Date Quantity Unit price Amount Amount May 1 370 $5 $1,850 27 260 $7 May 4 103 420 May 10 33 170 May 21 116 250 May 27 Feedback Check My Work...
Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Receiving Materials Unit Report Quantity Requisition Quantity Amount Price Number Number Balance Amount Date Quantity Unit price Amount May 1 290 $5 $1,450 1,450 ✓ 24 200 $7 May 4 290 ✓ 5 200 7 → 1,400 108 330 May 10 30 140 9...
Calculator Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO Received Issued Balance Receiving Report Number Quantity Unit Price Materials Requisition Number Quantity Amount Date Quantity Unit price 200 $7 140 $9 May 1 May 4 103 230 °C 28 90 11 May 10 May 21 116 130 May 27 b. Determine the materials inventory...
I can't figure out how to answer this. Need assistance.
Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO Received Issued Balance Receiving Materials Unit Unit Report Quantity Number Requisition Quantity Amount Date Quantity Amount Price price Number 310 310 220 112 X $1,550 1,550 1,540 May 1 $5 25 220 May 4 5 108...
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