subject
Business, 29.11.2020 14:20 Taylor73836

An incomplete subsidiary ledger of materials inventory for May is as follows: RECEIVED ISSUED BALANCE
Receiving Materials
Report Unit Requisition Unit
Number Quantity Price Number Quantity Amount Date Quantity Price Amount
May 1 280 $29.90 $8,372
40 131 $32.50 May 4
91 371 May 10
44 114 37.80 May 21
97 100 May 27
A. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO.
B. Determine the materials inventory balance at the end of May.
C. Journalize the summary entry on May 31 to transfer materials to work in the process. Refer to the Chart of Accounts for the exact wording of account titles.
D. Explain how the materials ledger might be used as an aid in maintaining inventory quantities on hand.

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 20:50, dakshshberry
Tyler has coffee with one of his direct reports almost daily. he does this to inquire in an informal way about progress on the job, and to provide coaching and support, as well as appropriate congratulations for special efforts. tyler is exhibiting which type of managerial skill?
Answers: 1
image
Business, 21.06.2019 21:00, paolaf9996
Intronix uses copy editors, computer graphics specialists, and java programmers to produce ads for magazines and the internet. the average new ad for magazines typically requires 180 hours of a copy editor's time and 135 hours of a computer graphics specialist's time, whereas ads produced for the internet require 35 hours of copy editor time, 195 hours of computer graphics time, and 60 hours of a java programmer's time. lassie food, a dog food manufacturer, has hired intronix to produce ads in the next four week. although currently it considers magazine ads 3 times more valuable than internet ads, it still wishes to have at least 2 of each produced within the next four weeks. intronix has assigned up to 3 copy editors, 4 computer graphics specialists, and 1 java programmer, each committed to work up to 70 hours per week on the project. how many of each type of ad should be produced to maximize the overall value to lassie foods
Answers: 3
image
Business, 22.06.2019 09:30, ameliaduxha7
What are two benefits of consumer programs
Answers: 2
image
Business, 22.06.2019 17:50, ratpizza
Abc factory produces 24,000 units. the cost sheet gives the following information: direct materials rs. 1,20,000direct labour rs. 84,000variable overheads rs. 48,000semi variable overheads rs. 28,000fixed overheads rs. 80,000total cost rs. 3,60,000presently the product is sold at rs. 20 per unit. the management proposes to increase the production by 3,000 units for sales in the foreign market . it is estimated that semi variable overheads will increase by rs. 1,000. but the product will be sold at rs. 14 per unit in the foreign market. however, no additional capital expenditure will be incurredq-1. what is present profit of the company ? q-2. what is proposed profit of the company in new market? q-3.what is suggestion for new makret proposal whether proposal accept or not
Answers: 1
You know the right answer?
An incomplete subsidiary ledger of materials inventory for May is as follows: RECEIVED ISSUED BALAN...

Questions in other subjects:

Konu
Mathematics, 16.02.2021 04:10
Konu
History, 16.02.2021 04:10