Cost of Materials Issuances Under the FIFO Method
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 | 300 | $5 | $1,500 | ||||||||
| 24 | 210 | $7 | May 4 | ||||||||
| 102 | 340 | $ | May 10 | ||||||||
| 30 | 140 | 9 | May 21 | ||||||||
| 115 | 200 | May 27 | |||||||||
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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...
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: 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 1 310 $6 $1,860 26 220 $8 May 4 108 350 $ May 10 32 150 10 May 21 121 210 May 27
1. Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory...
1. 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 1 390 $6 $2,340 24 270 $8 May 4 107 440 $ May 10 30 180 10 May 21 120 260 May 27 b. Determine...
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 1 400 $8 $3,200 25 280 $10 May 4 105 450 $ May 10 31 190 12 May 21 118 270 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 1 350 $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: 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...
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 1 280 $8 $2,240 25 200 $10 May 4 100 320 $ May 10 31 130 12 May 21 113 190 May 27 Feedback a. Calculate...
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 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...
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