Chapter 19, Problem 19.3EX

(a)

To determine

Issuance of materials

The material storeroom releases raw materials for used in manufacturing process when a material requisition is received. The summary of material requisition aids as a basis for recording materials used in the process.

To prepare: the subsidiary ledger under FIFO for material issuance and balances.

(b)

To determine

material inventory balance at the end of May.

(c)

To determine

To record: Journal entry for issuance of materials.

(d)

To determine

To explain: the use of material ledger in maintaining inventory quantities on hand.