Entry for Issuing Materials Materials issued are as follows: Requisition No. Material Job No. Amount Aluminum 500 $85,210 503 29,110 504 3,810 Indirect 2,030 510 39,810 Journalize the entry to record the issuance of materials. If an amount box does not require an entry, leave it blank. 201 202 203 204 205 Plastic Rubber Glue Steel

Entry for Issuing Materials Materials issued are as follows: Requisition No. Material Job No. Amount Aluminum 500 $85,210 503 29,110 504 3,810 Indirect 2,030 510 39,810 Journalize the entry to record the issuance of materials. If an amount box does not require an entry, leave it blank. 201 202 203 204 205 Plastic Rubber Glue Steel

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter2: Job Order Costing

Section: Chapter Questions

Problem 4E: Materials issued are as follows: Journalize the entry to record the issuance of materials.

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Entry for Issuing Materials Materials issued are as follows: Requisition No. Material Job No. Amount 201 Aluminum 500 86,810 202 Plastic 503 29,510 203 Rubber 504 3,330 204 Glue Indirect 2,340 205 Steel 510 36,770 Journalize the entry to record the issuance of materials. If an amount box does not require an entry, leave it blank. blankAccountDebitCredit blank - Select - - Select - - Select - - Select - - Select - - Select -
You are a member of the audit team of BSA and Co. examining the accounts of TOK Manufacturing for the year ended December 31, 2020. BSA has audited TOK for the past 5 years. You have been assigned the task of searching for unrecorded liabilities. You have determined that all payroll taxes, income and property taxes, sales taxes, and interest have been properly reflected by TOK. In addition, you have obtained the following copy of TOK's 12/31/20 adjusting journal entry to reflect other unrecorded liabilities at year-end: Raw materials inventory Utilities expense 23,675 6.400 Professional fees 33,690 Manufacturing supplies Accounts payable To record the following invoices unpaid at 12/31/20: Fox Manufacturing 8,900 72,665 P23,675 2,760 Consolidated Gas Meralco Andersen (consulting) Luzmin Suppliers Deli Products 3,640 33,690 7,700 1,200 Although the Luzmin Suppliers invoice was received in December, the supplies were shipped to TOK on January 2 and received on January 4.
Please explain how you get the amount, quantity and unit price.
Materials issued are as follows: Requisition No. 201 202 203 204 205 Material Aluminum Plastic Rubber Glue Steel Job No. 500 503 504 Indirect 510 Journalize the entry to record the issuance of materials. Amount $976,000 379,400 187,700 170,000 619,000
Entry for issuing materials Instructions Instructions Materials issued are as follows: Requisition No. 201 202 203 Chart of Accounts 204 205 Material Aluminum Plastic Rubber Glue Steel E Job No. 500 503 504 Indirect 510 General Journal Amount $976,000 379,400 187,700 170,000 619,000 Required: Journalize the entry on Dec. 31 to record the issuance of materials.
https://2021.tle.courses.open.uwi.edu/mod/quiz/attempt.php?attemp ERSITY OF THE WEST INDIES arning Exchange 2021 English (en) - y courses / ACCI1003 | S2 21/22/ General / ACCI 1003 FINAL ASSESSMENI_ Part 1 The entry to record the cost of raw materials placed in production is: Dr Raw Materials Inventory: Cr Accounts Payable or Cash a. Ob. Dr Manufacturing Overhead; Cr Raw Material Inventory Oc. Dr Work-In-Process; Cr Accounts Payable or Cash O d. Dr Work-In-Process: Cr Raw Materials Inventory -Box PEER ASSESSMENT FORM, ssignment Product Costing, Due April 1, 2022 by 11:00 pm EC Time (10:00 pm Jamaica Time) Jump to.. e here to search
< CDOOR a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Receiving Report Number Received Quantity Received Unit Price Issued Materials Requisition Number Balance Issued Quantity Issued Balance Balance Unit Balance Amount Date Quantity price Amount May 1 230 $8 $1,840 27 160 $10 May 4 104 260 33 110 12 117 150 b. Determine the materials inventory balance at the end of May. A May 10 May 21 May 27 c. Journalize the summary entry to transfer materials to work in process. If an amount box does not require an entry, leave it blank. d. Comparing causes idle time. as reported in the materials ledger with predetermined order points would enable management to order materials before a(n)
Journalize the entries to record the transactions, post to the Raw Materials Inventory account, and determine the ending balance in Raw Materials Inventory.
The following documents are used in the process of purchasing and using raw materials: (1) Despatch note (2) Goods received note (3) Materials requisition (4) Purchase order (5) Purchase requisition Which of the documents would be used to update the stores ledger accounts? (2) only (2) and (3) (1), (2), (4) and (5) (1), (3), (4) and (5)
help with missing values please!!!
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Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: Question Content Area a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Balance ReceivingReportNumber Quantity UnitPrice MaterialsRequisitionNumber Quantity Amount Date Quantity Unitprice Amount May 1 220 $5 $1,100 24 150 $7 May 4 fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank 100 250 fill in the blank May 10 fill in the blank fill in the blank fill in the blank 30 100 9 May 21 fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank 113 150 fill in the blank May 27 fill in the blank fill in the blank fill in the blank Question Content Area b.…