Solutions for Exercises

3.1 . Total materials requisitions $2065.19

Total returned materials reports -119.30
Materials costs for Job 620 $1945.89

3.2 Beginning balance (units) 7,990

Add total purchases (units) + 9,500
17,490
Less issuances (units) - 6,525
Ending balance (units) 10,965
X $6.80 each
$74,562.00

3.3 Work in Process 89,620

Mfg. Overhead Control 9,760
Raw Materials 99,380

3.4 Raw Materials 7,330

Work in Process 6,740
Mfg. Overhead Control 590

3.5 Vouchers Payable 1,586.20

Raw Materials 1,586.20

Problem 3-1A

MATERIALS LEDGER
Material 4' x 6' Thermal Cover_ Reorder Point 60___________
Number T-46_________________ Reorder Quantity 1 30_______
RECEIVED ISSUED BALANCE
DATE REFERENCE
UNITS PRICE AMOUNT UNITS PRICE AMOUNT UNITS PRICE AMOUNT
May 1 Bal 56 4 7 3 2 00
4 PO308 130 8 4 50 1 0 9 8 5 00 186 1 5 7 1 7 00
10 R408 25 8 4 50 211 2 50 161 1 3 6 0 4 50
15 R490 115 8 4 50 971 7 50 46 3 8 8 7 00
16 RM48 (22) 8 4 50 185 9 00 68 5 7 4 6 00
19 R518 12 8 4 50 1 01 4 00 56 4 7 3 2 00
23 PO315 130 8 4 50 1 0 9 8 5 00 186 1 5 7 1 7 00
27 RS204 (10) 8 4 50 (8 4 5 00) 176 1 4 8 7 2 00
29 R691 62 8 4 50 523 9 00 114 9 6 3 3 00
30 RM65 (15) 8 4 50 (1 2 6 7 50) 129 1 0 9 0 0 50

1
Problem 3-2A

MATERIALS REQUISITION JOURNAL

for the Month of May______ 2006 MFG.OHD. Page 3__
REQ. JOB OR WORK IN PROCESS MFG OHD CONTROL RAW MATERIALS
DATE
NO. DEPT. DR.122 DR.122 CR.121

May 8 416 20 2 6 1 2 2 00 2 6 1 2 2 00
14 417 21 4 9 6 6 2 00 4 9 6 6 2 00
21 418 Finishing 1 6 6 4 0 00 1 6 6 4 0 00
24 419 21 3 2 1 1 5 00 3 2 1 1 5 00
1 0 7 8 9 9 00 1 6 6 4 0 00 1 2 4 5 3 9 00

VOUCHERS REGISTER for Month of May 2006 Page 3

PAID
VOUCHERS RAW
VOU.
DATE PAYABLE TO PAYABLE MATERIALS
NO. CHECK
DATE CR.201 DR.121
NO.
Mar. 4 5-1 Chatham Supply Company 8 1 8 6 00 8 1 8 6 00
17 5-2 Avolon Corporation 6 4 4 3 00 6 4 4 3 00
26 5-3 Tri-State Company 9 8 2 2 00 9 8 2 2 00
29 RM28 Tri-State Company 9 0 0) 9 0 0)
0 5 5 1 00 0 5 5 1 00

_________________________________Raw Materials______________________ No. _121_

DATE EXPLANATION POST. DEBIT CREDIT BALANCE DR.

REF. CR.
May 1 Balance 1 5 6 4 8 8 00 DR
31 VR3 1 5 0 5 5 1 00 3 0 7 0 3 9 00 DR
31 MR3 1 2 4 5 3 9 00 1 8 2 5 0 0 00 DR

2
Problem 3-1B

MATERIALS LEDGER CARD

Material Cork Top Reorder Point 2,800

Number C-478 Reorder Quantity 2,500
RECEIVED ISSUED BALANCE
DATE REFERENCE
UNITS PRICE AMOUNT UNITS PRICE AMOUNT UNITS PRICE AMOUNT
Sept. 1 Bal 2,460 80 9 3 4 8 00
3 PO8-39 2,500 80 9 5 0 0 00 4,960 80 8 8 4 8 00
6 R812 550 80 0 9 0 00 4,410 80 6 7 5 8 00
9 R830 840 80 1 9 2 00 3,570 80 3 5 6 6 00
12 RM65 (30) 80 1 4 00) 3,600 80 3 6 8 0 00
16 R861 1,120 80 2 5 6 00 2,480 80 9 4 2 4 00
22 PO8-79 2,500 80 9 5 0 0 00 4,980 80 8 9 2 4 00
25 RS0103 (50) 80 9 0 00) 4,930 80 8 7 3 4 00
30 R920 400 80 5 2 0 00 4,530 80 7 2 1 4 00
30 RM83 (10) 80 8 00) 4,540 80 7 2 5 2 50

3
Problem 3-2B

MATERIALS REQUISITION JOURNAL

for the Month of March 2006 Page 3

JOB WORK IN MFG.OHD. RAW
REQ. OR PROCESS CONTROL MATERIALS
DATE NO. DEPT. DR.122 DR.501 CR.121
Mar. 9 509 405 1 8 5 0 00 1 8 5 0 00
16 510 406 2 9 2 5 00 2 9 2 5 00
22 511 Assembly 7 5 0 00 7 5 0 00
25 512 405 3 1 8 0 00 3 1 8 0 00
7 9 5 5 00 7 5 0 00 8 7 0 5 00

VOUCHERS REGISTER for Month of March 2006 Page 3

PAID
VOUCHERS RAW
VOU.
DATE PAYABLE TO PAYABLE MATERIALS
NO. CHECK
DATE CR. 201 DR. 121
NO.
Mar. 5 3-1 Waterfront Company 3 8 0 5 00 3 8 0 5 00
19 3-2 Gotham Supply Company 2 4 5 0 00 2 4 5 0 00
27 3-3 Red River Company 1 4 7 0 00 1 4 7 0 00
28 RSO30 Red River Company (1 6 0) (1 6 0)
7 5 6 5 00 7 5 6 5 00

Raw Materials No. 121

POST. DR.
DATE EXPLANATION DEBIT CREDIT BALANCE
REF. CR.
2006
Mar. 1 Balance 4 6 8 0 00 DR
31 VR3 7 5 6 5 00 1 2 2 4 5 00 DR
31 MR3 8 7 0 5 00 3 5 4 0 00 DR