SODUROSSE Bravo Wire Enterprises is a manufacturer of electrical conductors. The following incomplete subsidiary ledger is for wire cable during July: a. Complete the materials issuances and balances for the wire cable subsidiary ledger. Assume a first-in, first-out cost flow. Received Receiving Issued Materials Report Number Received Received Quantity Unit Price Requisition Number Issued Issued Balance Balance Balance Quantity Amount Date Quantity Amount July 1 125 $750 309 200 $7.00 July 5 7401 240 July 10 422 400 $8.00 July 20 7639 b. Determine the balance of wire cable at the end of July. 325 July 26 c. Determine the total amount of materials transferred to Work in Process for July. 100 Balance Unit Price $ 6.00 000000
SODUROSSE Bravo Wire Enterprises is a manufacturer of electrical conductors. The following incomplete subsidiary ledger is for wire cable during July: a. Complete the materials issuances and balances for the wire cable subsidiary ledger. Assume a first-in, first-out cost flow. Received Receiving Issued Materials Report Number Received Received Quantity Unit Price Requisition Number Issued Issued Balance Balance Balance Quantity Amount Date Quantity Amount July 1 125 $750 309 200 $7.00 July 5 7401 240 July 10 422 400 $8.00 July 20 7639 b. Determine the balance of wire cable at the end of July. 325 July 26 c. Determine the total amount of materials transferred to Work in Process for July. 100 Balance Unit Price $ 6.00 000000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Answer.
Transcribed Image Text:SODUROSSE
Bravo Wire Enterprises is a manufacturer of electrical conductors. The following incomplete subsidiary ledger is for wire cable during July:
a. Complete the materials issuances and balances for the wire cable subsidiary ledger. Assume a first-in, first-out cost flow.
Received
Receiving
Issued
Materials
Report
Number
Received
Received
Quantity Unit Price
Requisition
Number
Issued
Issued
Balance
Balance
Balance
Quantity
Amount
Date
Quantity
Amount
July 1
125
$750
309
200
$7.00
July 5
7401
240
July 10
422
400
$8.00
July 20
7639
b. Determine the balance of wire cable at the end of July.
325
July 26
c. Determine the total amount of materials transferred to Work in Process for July.
100
Balance
Unit Price
$ 6.00
000000
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education