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 1 310 $9 $2,790 27 220 $11 May 4 fill in the blank 0fee43fc4fc8fc9_1 fill in the blank 0fee43fc4fc8fc9_2 fill in the blank 0fee43fc4fc8fc9_3 fill in the blank 0fee43fc4fc8fc9_4 fill in the blank 0fee43fc4fc8fc9_5 fill in the blank 0fee43fc4fc8fc9_6 102 350 $fill in the blank 0fee43fc4fc8fc9_7 May 10 fill in the blank 0fee43fc4fc8fc9_8 fill in the blank 0fee43fc4fc8fc9_9 fill in the blank 0fee43fc4fc8fc9_10 33 150 13 May 21 fill in the blank 0fee43fc4fc8fc9_11 fill in the blank 0fee43fc4fc8fc9_12 fill in the blank 0fee43fc4fc8fc9_13 fill in the blank 0fee43fc4fc8fc9_14 fill in the blank 0fee43fc4fc8fc9_15 fill in the blank 0fee43fc4fc8fc9_16 115 210 fill in the blank 0fee43fc4fc8fc9_17 May 27 fill in the blank 0fee43fc4fc8fc9_18 fill in the blank 0fee43fc4fc8fc9_19 fill in the blank 0fee43fc4fc8fc9_20 b. Determine the materials inventory balance at the end of May. $fill in the blank 35183d04a02c01d_1 c. Journalize the summary entry to transfer materials to work in process. If an amount box does not require an entry, leave it blank. - Select - - Select - - Select - - Select - d. Comparing as reported in the materials ledger with predetermined order points would enable management to order materials before a(n) causes idle time.
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 1 310 $9 $2,790 27 220 $11 May 4 fill in the blank 0fee43fc4fc8fc9_1 fill in the blank 0fee43fc4fc8fc9_2 fill in the blank 0fee43fc4fc8fc9_3 fill in the blank 0fee43fc4fc8fc9_4 fill in the blank 0fee43fc4fc8fc9_5 fill in the blank 0fee43fc4fc8fc9_6 102 350 $fill in the blank 0fee43fc4fc8fc9_7 May 10 fill in the blank 0fee43fc4fc8fc9_8 fill in the blank 0fee43fc4fc8fc9_9 fill in the blank 0fee43fc4fc8fc9_10 33 150 13 May 21 fill in the blank 0fee43fc4fc8fc9_11 fill in the blank 0fee43fc4fc8fc9_12 fill in the blank 0fee43fc4fc8fc9_13 fill in the blank 0fee43fc4fc8fc9_14 fill in the blank 0fee43fc4fc8fc9_15 fill in the blank 0fee43fc4fc8fc9_16 115 210 fill in the blank 0fee43fc4fc8fc9_17 May 27 fill in the blank 0fee43fc4fc8fc9_18 fill in the blank 0fee43fc4fc8fc9_19 fill in the blank 0fee43fc4fc8fc9_20 b. Determine the materials inventory balance at the end of May. $fill in the blank 35183d04a02c01d_1 c. Journalize the summary entry to transfer materials to work in process. If an amount box does not require an entry, leave it blank. - Select - - Select - - Select - - Select - d. Comparing as reported in the materials ledger with predetermined order points would enable management to order materials before a(n) causes idle time.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
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 | 310 | $9 | $2,790 | ||||||||
| 27 | 220 | $11 | May 4 | fill in the blank 0fee43fc4fc8fc9_1 | fill in the blank 0fee43fc4fc8fc9_2 | fill in the blank 0fee43fc4fc8fc9_3 | |||||
| fill in the blank 0fee43fc4fc8fc9_4 | fill in the blank 0fee43fc4fc8fc9_5 | fill in the blank 0fee43fc4fc8fc9_6 | |||||||||
| 102 | 350 | $fill in the blank 0fee43fc4fc8fc9_7 | May 10 | fill in the blank 0fee43fc4fc8fc9_8 | fill in the blank 0fee43fc4fc8fc9_9 | fill in the blank 0fee43fc4fc8fc9_10 | |||||
| 33 | 150 | 13 | May 21 | fill in the blank 0fee43fc4fc8fc9_11 | fill in the blank 0fee43fc4fc8fc9_12 | fill in the blank 0fee43fc4fc8fc9_13 | |||||
| fill in the blank 0fee43fc4fc8fc9_14 | fill in the blank 0fee43fc4fc8fc9_15 | fill in the blank 0fee43fc4fc8fc9_16 | |||||||||
| 115 | 210 | fill in the blank 0fee43fc4fc8fc9_17 | May 27 | fill in the blank 0fee43fc4fc8fc9_18 | fill in the blank 0fee43fc4fc8fc9_19 | fill in the blank 0fee43fc4fc8fc9_20 |
b. Determine the materials inventory balance at the end of May.
$fill in the blank 35183d04a02c01d_1
c. Journalize the summary entry to transfer materials to work in process. If an amount box does not require an entry, leave it blank.
|
|
- Select - | - Select - | |
|
|
- Select - | - Select - |
d. Comparing
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