Multiple Choices - Theoretical: Chapter 3: Storing and Issuing Materials

Chapter 3: Storing and Issuing Materials
MULTIPLE CHOICES - THEORETICAL
1) The person who is responsible for the protection of the materials in the storeroom, and for
identification of the materials is the:
a. Receiving clerk
b. Purchasing agent
c. Storeroom supervisor
d. Storeroom clerk
2) The bin tag:

a. Is an informal but carefully maintained record showing the quantities of the
materials received, issued and on hand.
b. Is a name tag used by employees for identification purposes.
c. Is a record of materials requisitions.
d. Is a record showing the vouchers issued.
3) No materials may be issued without a written document called the:

a. Materials requisition
b. Materials issued
c. Material ledger card
d. Receiving report
4) Materials requisition should indicate the following except:

a. Quantity
b. Material number
c. Job number
d. Purchase order number
5) The person who is responsible for recording the requisition in the materials ledger card is
the:
a. Storeroom supervisor
b. Storeroom clerk
c. Purchasing agent
d. Accounting clerk
6) A material ledger card should indicate the following except:

a. Each type of materials on hand
b. Quantity issued
c. Quantity received
d. Purchase order number
7) A material requisition journal:

a. Is a special journal where the issuance is journalized
b. Is a general journal where the requisition is journalized
c. Is a special journal where the purchase requisition id recorded
d. Is a special journal where the purchase orders are recorded
8) After recording the materials requisition in the materials requisition journal, the cost clerk
post the data from the requisitions to the material section of the:
a. Job cost sheet
b. Departmental overhead analysis sheet
c. Materials ledger card
d. Bin tag
9) What is the purpose of using a materials requisition journal?

a. To avoid writing the many long and repetitious entries involved in issuing and
using materials
b. To avoid error in journalizing the requisitions
c. To avoid mathematical errors
d. To avoid losses due to thief
10) Materials returned to storeroom are recorded in the following documents except:
a. Bin tag
b. Returned materials report
c. Materials ledger card
d. Purchase order
11) Indirect materials that cannot be charged to a specific job are posted from the materials
requisition to the:
a. Materials ledger card
b. Departmental overhead analysis sheet
c. Bin tag
d. Receiving report
12) Entries made in Materials account in the general ledger are the following, except:
a. Materials purchased
b. Materials issued
c. Materials returned
d. Materials reserved and on order
MULTIPLE CHOICES - COMPUTATIONAL
1. The job cost sheet show the following data for Job 055 for the month of November, 2018:
Requisition Returned Materials Report

044 P31,920 039 P340
045 143 043 34
049 1592 048 103
150 2,933
154 338
What is the materials cost for Job 055?
a. P36,449
b. P35,450
c. P36,559
d. P36,926
2. During June 2018, Star Pools had requisitions totaling P44,810 for direct materials and
P4,880 for indirect materials. What is the entry to record the cost of materials requisition for the
month?
a. Work in Process 44,810

Manufacturing Overhead Control 4,880
Materials 49,690
b. Work in Process 44,810

Indirect Materials 4,880
Materials 49,690
c. Direct Materials 44,810

Materials 49,690
d. Manufacturing Overhead Control 4,880

Direct Materials 44,810
Materials 49,79
3. The materials ledger card shows the following units for Materials 9-48
Beginning balance 15,980

Purchases 6,600
Issued 13,050
Assuming the unit price of Materials 9-48 is P6.80, what is the cost of the ending inventory of
Materials 9-48?
a. P9,536.80
b. P9,550.80
c. P9,389.50
d. P5,936.80
4. During July 2018, Jump Products Company had returned P13,480 in direct materials and P550
in indirect materials. What is the journal entry to record the cost of materials returned to
storeroom for the month?
a. Materials 14,030
Work in Process 13,480
Mfg. Overhead Control 550
b. Materials 14,030
Direct Materials 550
c. Materials 14,030
d. Materials 13,480
Direct Materials 13,480
5. On March 10, 2018 Olay Manufacturing Company returned materials costing P3,500 to its
supplier, Mars Supplies, Inc. What is the journal entry to record the materials returned?
a. Vouchers payable 3,500

Materials 3,500
b. Work in Process 3,500

Materials 3,500
c. Vouchers payable 3,500

d. Work in Process 3,500

Materials 3,500
PROBLEMS
Problem 3-1: Materials Ledger Entries
Euro Inc., manufactures furniture, Material W-64, costs P8.00. The following transactions took
place during the month of June 2018 for receipts, issuances, and returns of Materials W-64. The
recorder point for Material W-64 is 600 units, and the recorder quantity is 1,200 units.
June 1: Beginning balance 560

4: PO 310 1,300
10: R41 250
15: R49 1,150
16: RM48 220
19: R58 120
23: PO351 1,300
27: RSO24 100
29: R61 620
30: RM56 150
Required: Record the purchase orders, materials requisitions, returned shipping order, and
returned materials reports in the materials ledger card.
Problem 3-2: Journalization and Posting of Materials Transactions
The raw materials transactions of the Pool Corporation for the month of May 2018 are as
follows:
May 1: Beginning inventory of raw materials P155,500

4: Disbursements Voucher 051 for materials purchased 58,100
from Shaft Supply Company
8: Materials Requisition 041 for direct materials used on 26,150
Job 25
Job 26
17: Disbursements Voucher 052 for raw materials 56,400
purchased from Ace Corporation
21: Materials Requisition 043 for indirect materials used in 16,600
Finishing Department
Job 26
26: Disbursement Voucher 053 for raw materials purchased 39,800
from Handyman Company
29: Returned Shipping Order 028 for materials to 3,900
Handyman Company (voucher register has not been
closed)
Required:
1. Record the transactions in the materials requisition journal and the voucher register.
2. Total the columns in the journals and post the totals in the Materials account.
_Problem 3-3: Simulation Problems – Processing Documents
The Star Aluminum, Inc. manufactures aluminum doors and ladders. The receiving procedures
and issuing materials used by the company are:
Receiving. A copy of the receiving report accompanies the materials to the storeroom, where it is
signed by the storeroom supervisor to show that materials were received. The storeroom clerk
records the receipt of the materials in the ledger cards. The receiving report and the supplier’s
invoice are verified against the purchase order. A voucher is then prepared, approved and entered
in the voucher register. Materials returned to the supplier are covered by return shipping order
and a debit memorandum. The debit memorandum is posted to the material is posted to the
materials ledger cards and the voucher register.
Issuing. Materials are issued after an approved materials requisition is received in the storeroom.
Unit cost are entered on the requisition. Issuance is posted to the materials ledger cards and
recorded in the materials requisition journal. The requisition is posted to the job cost sheet or the
departmental overhead analysis sheet. Materials returned to the storeroom are accompanied by a
returned material report where it is posted to the materials ledger cards and recorded in the
returned materials journal. The returned materials report is posted to the proper job cost sheet or
the departmental analysis sheet.
During December 2018 the following transactions occurred:
December 1: Materials are issued by the storeroom under Materials Requisition 084. The
materials are for use in the Welding Dept. on Job 72 for the Chico Supply
Company. Job 72 calls for 30 aluminum doors. The materials requisitioned are as
follows:
300 units RA-6 side rails, 6’

150 units ST-12 steps, 4” x 12”
150 units TO-612 tops, 6” x 12”
6: Receiving Report 065 (for Purchase Order 073) is completed by the receiving
clerk. The data to be posted to the materials ledger cards are taken from the
Disbursement Voucher 101, shown on the next page.
7: Disbursement Voucher 101 on the next page is received.

DISBURSEMENT VOUCHER
Star Aluminum Inc. Voucher No. 101
75 Ever Street Issued Date 12/07/2017
Fairview, Quezon City Due Date 1/6/2018
Payee: Doors Distributors Inc.

72 West Avenue
Quezon City
Invoice Invoice
Description Amount
Date No.
11/28/2016 084 6,000 Steps ST-12, 4”x12” @P4.50 P37,500
4, 600 Steps ST-15, 4”x15” @P6.00 27,600
Total ______________
P54,600
Distribution
:
Acct. No. Amount
121 P54,600
10: Materials Requisition 085 is received by the
storeroom supervisor and the materials are
issued. The materials requisitioned are for use on Job 73 for the Apple
Construction Supplies Company. Job 73 calls for 25Check No._______________
eight-foot aluminum ladders.
The materials requisitioned are as follows: Approved by:____________
125 units TO-612 tops, 6” x 12”
Required
1. Open the materials ledger by recording the opening balances on the materials ledger
cards. The December balances are as follows:
Materials Reorder Reorder Unit Balance Amount
Point Quantity s Price
BR-10 braces 6,000 13,000 5,495 P 3.50 P19,197.50
RA-6 side rails, 6’ 3,000 8,000 1,970 11.50 22,655.00
RA-8 side rails, 8’ 1,900 3,850 2,025 14.00 28,350.00
ST-12 steps, 4” x12” 2,500 6,000 1,910 4.50 8,595.00
ST-15 steps, 4” x 15” 2,500 4,600 1,700 6.00 10,200.00
TO-612 tops, 6” x 12” 2,400 5,000 1,440 7.50 10,800.00
W-125 washers,
¼ flat (box of 300 940 boxes 675 8.00 5,400.00
100) boxes
2. Prepare the materials requisitions.

3. Process the materials requisitions, receiving report, and the disbursement voucher. The
additional records needed are job cost sheets, a departmental overhead analysis sheet, a
voucher register, a materials requisition journal and returned materials journal. Keep all
your records for use in the Problem 3-4.
_Problem 3-4_
This problem is a continuation of Problem 3-3. The following additional transactions take place:
Dec.16: Receiving Report 066 (for Purchase Order 074) is completed by the receiving clerk. This is
posted in the materials ledger cards using the data in the Disbursement Voucher 102, shown below.
16: Disbursement Voucher 102 is received as shown below:
18: Materials are issued by the storeroom supervisor under Materials Requisition 086. The materials
are for the Assembly Dept. consisting of 25 boxes of W-125 washers ¼ flat (box of 100).
Payee: Pedro Hardware Inc.

105 Manga Avenue
Quezon City
Invoice Invoice
Description Amount
Date No.
12/10/2017 465 5,000 Tops, 6”x12”, TO-612 @P7.50 P37,500
________
Total P37,500
Distribution Check No._______________

:
Acct. No. Amount Approved by:____________
121 P37,500
20: Receiving Report 067 (for Purchase Order 075) is completed by the receiving clerk. The
data to be posted to the material ledger cards can be found on Disbursement Voucher 103
shown on the next page.
20: Disbursement Voucher 103 is received.
20: Materials Requisition 087 is received by the storeroom supervisor, and the materials
issued. The materials are for Job 72 and are for the following items:
150 units TO-612 tops, 6” x 12”
21: Returned Materials Report 84 is received by the storeroom supervisor. The

accompanying materials are 25 units of ST-15 steps, an excess quantity requisitioned in
error on Job 73. The materials are returned to the storeroom.
Payee: Pedro Hardware Inc.

105 Manga Avenue
Quezon City
Invoice Invoice
Description Amount
Date No.
12/18/2017 818 13,000 Elbow braces, B-10 @P3.50 P45,500
________
Total P45,500
Distribution Check No._______________

:
Acct. No. Amount Approved by:____________
121 P45,500
Required:
1. Prepare the materials requisitions.

2. Prepare the returned materials report.
3. Process all the documents. Keep all your records for use in Problem 3-5.
_Problem 3-5_
This problem is continuation of Problem3-3 and 3-4. The following additional transactions
occurred:
Dec.22: Materials are issued by the storeroom supervisor under Material Requisition 088.
The materials are for use on Job 73 and include the following:
100 units TO-612 tops, 6” x 12”
27: Return Shipping Order 8 (not shown) and the debit memorandum (not shown) dated
December 20, 2016, are received from the purchasing department. The data to be posted
to the materials ledger cards can be taken from the Disbursement Voucher 104 shown on
the next page.
27: Disbursement Voucher 104 is received.
28: Materials are issued by the storeroom supervisor under Materials requisition 089. The
materials are for Job 74 for the Santol Co, which calls for eight-foot aluminum ladders.
The materials requisitioned are as follows:
150 units ST-12 steps, 4”x12”
450 units ST-15 steps, 4”x15”
150 units TO-612 tops, 6”x12”
Star Aluminum, Inc. Voucher No. 104
Fairview, Quezon City Due Date____________
Payee: King Developers,Inc.

2005 Makati Avenue
Makati City
Invoice Invoice Description Amount
Date No.
Returned Materials To correct Disbursement Voucher 094, Nov. P11,250
21, 2018, for excess quantity of materials
received per Return Shipping Order 108,
December 20, 2018; copies attached
800 Steps, ST-23, 4”x12” @4.50 3,600

P 7,650
Distributio
n
Acct. No. Amount
210 P11,250 DR
210 7,650 CR
121 3,600 CR Check No._______________
Approved by:____________
Required:
1. Complete the materials requisitions.

2. Process all documents of Star Aluminum, Inc. Use the records provided in Problems 3-3
and 3-4.
3. Prove the accuracy of your work by footing and cross-footing all money columns in the
voucher register and the materials requisition journal. Double-rule the columns.
4. Post from the voucher register, the materials requisition journal, and the returned
materials journal to the Materials account. Open the Materials account by recording the
December 1 balance of P105,197.50.
5. Prepare schedule listing each material in the materials ledger and its ending balance. The
total of this schedule should equal the ending balance in Materials account.
Multiple choices - Theoretical
1. D 5. B 9. A
2. A 6. D 10. D
3. A 7. B 11. B
4. D 8. A 12. D
Multiple Choices – Computational
1. A
Total material requisitions P36,926

Less: Returned materials 477
Material cost P36,449
2. A
3. A
Beginning balance 15,980 units

Purchases 6,600
Issued (13,050)
Ending inventory 9,530 Units
Unit price P6.80
Cost of ending inventory P9,546.80
4. A
5. A
SOLUTIONS TO PROBLEMS
Problem 3-1
MATERIALS LEDGER CARD

600
Materials W – 64 Reorder Point units
Number Reorder Quantity 1,200 units
RECEIVED ISSUED BALANCE

Date Ref. Units Price Amount Units Price Amounts Units Price Amounts
June 1 Bal 560 P4,480
4 PO310 1,300 8.00 10,400 1,860 14,880
10 R41 250 8.00 2,000 1,610 12,880
15 R49 1,150 8.00 9,200 460 3,680
16 RM48 (220) 8.00 (1,760) 680 5,440
19 R58 120 8.00 960 560 4,480
23 PO351 1,300 8.00 10,400 1,860 14,880
27 RSO24 (100) 8.00 (800) 1,760 14,080
29 R61 620 8.00 4,960 1,140 9,120
30 RM56 (150) 8.00 (1,200) 1,290 10,320
Problem 3-2
1. MATERIALS REQUISITIONS JOURNAL
For the Month of May , 2010 Page
Work in Process FO Control Materials

Date Req. No. Job No./Dept ( DR 122) (DR 501) (CR 121)
May 8 041 25 26,150 26,150
14 042 26 49,600 49,600
21 043 Finishing 16,600 16,600
24 044 26 32,100 32,100
107,850 16,600 124,450
VOUCHERS REGISTER
For the Month of May , 2018 Page
Paid Vouchers Other Accounts

Voucher Check Payable Materials A/C
Date No. Payable To Date No. CR 201 DR 121 No. Debit Credit
May 4 051 Shaft Supply 58,100 58,100

17 052 Ace Corp. 56,400 56,400
26 053 Handyman 39,800 39,800
29 RSO 28 Handyman (3,900) (3,900)
150,400 150,400
2. MATERIALS
POST. DR.
EXPLANATIO
DATE N REF DEBIT CREDIT BALANCE CR.
May 1 Balance 155,500 DR
31 VR 20 150,400 305,900 DR
31 MR2 124,450 181,450 DR
Problem 3-3, 3-4 and 3-5
MATERIALS LEDGER
Materials Braces Reorder Point 6,000 units

Number BR 10 Reorder Quantity 13,000 units

Date Ref. Units Price Amount Units Price Amount Units Price Amount
Dec. 1 Bal. 5,485 3.50 19,197.50
20 PO705 13,000 3.50 45,500 18,485 3.50 64,697.50
Materials Side Rail 6” Reorder Point 3,000 units

Number RA-6 Reorder Quantity 8,000 units

Dec. 1 Bal. 1,970 11.50 22,655.00
1 R084 300 11.50 3,450 1,670 19,205.00
20 R087 300 11.50 3,450 1,370 15.755.00
Materials Side Rail 8” Reorder Point 1.900 units

Number RA-8 Reorder Quantity 3,850 units

Dec. 1 Bal. 2,025 14.00 28,350.00
10 R015 250 14.00 3,500 1,775 24,850.00
22 R018 200 14.00 2,800 1,575 22,050.00
28 R019 300 14.00 4,200 1,275 17,850.00
Materials Steps 4”x12” Reorder Point 2,500 units

Number ST-12 Reorder Quantity 6,000 units

Dec. 1 Bal. 1,910 4.50 8,595.00
1 R084 150 4.50 675.00 1,760 7,920.00
6 PO073 6,000 4.50 27,000 7,760 34,920.00
10 R085 125 4.50 562.50 7,635 34,357.50
20 R087 150 4.50 675.00 7,485 33,682.50
22 R088 100 4.50 450.00 7,385 33,232.50
27 RSO8 (800) 4.50 (3,600) 6,585 29,632.50
28 R089 150 4.50 675.00 6,435 28,957.50
Materials Steps 4”x15” Reorder Point 2,500 units

Number ST-15 Reorder Quantity 4,600 units

Dec. 1 Bal. 1,700 6.00 10,200.00
1 R084 300 6.00 1,800 1,400 8,400.00

6 PO073 4,600 6.00 27,600 6,000 36,000.00
10 R085 375 6.00 2,250 5,625 33,750.00
20 R087 300 6.00 1,800 5,325 31,950.00
21 RM84 (25) 6.00 (150) 5,350 32,100.00
22 R088 300 6.00 1,800 5,050 30,300.00
28 R089 450 6.00 2,700 4,600 27,600.00
Materials Tops 6”x12” Reorder Point 2,400 units

Number TO612 Reorder Quantity 5,000 units

Dec. 1 Bal. 1,440 7.50 10,800.00
1 R084 150 7.50 1,125 1,290 9,675.00
10 R085 125 7.50 937 1,165 8,737.50
16 PO074 5,000 7.50 37,500 6,165 46,237.50
20 R087 150 7.50 1,125 6,015 45,112.50
22 R088 100 7.50 750 5,915 44,362.50
28 R089 150 7.50 1,125 5,765 43,237.50
Materials Washers Reorder Point 300 boxes

Number W-125 Reorder Quantity 940 boxes

Dec. 1 Bal. 675 8.00 5,400
1 R086 25 8.00 200 650 5,200
Problem 3-3 (continued)
2. MATERIALS REQUISITIONS
DELIVER TO Welding Dept. Material Requisition No. 084

CHARGE: DATE 12/1/2018
ACCT, 122
JOB 72
QUANTITY MAT. NO. DESCRIPTION UNIT PRICE AMOUNT

300 RA–6 Side rails, 6” P 11.50 P 3,450
150 ST–12 Steps, 4” x 12” 4.50 675
300 ST–15 Steps, 4” x 15” 6.00 1,800
150 TO -612 Tops, 6” x 12” 7.50 1,125
P 7,050
Entered On Entered In Entered on Job Entered on Dept.

Materials Ledger Card Materials Req. Journal Cost Sheet Overhead Analysis
Sheet
(Student’s Initial) (Student’s Initial) (Student’s Initial) (Student’s Initial)
Approved By: Delivered by: Received By:

CHARGE: ACCT, 122 DATE 12/10/2018
JOB 73

250 RA-8 Side rails, 8” P 14.00 P 3,500.00
125 ST–12 Steps, 4” x 12” 4.50 562.50
375 ST–15 Steps, 4” x 15” 6.00 2,250.00
125 TO -612 Tops, 6” x 12” 7.50 937.50
P 7,250.00

Sheet
(Student’s Initial) (Student’s Initial (Student’s Initial) (Student’s Inititial)
Problems 3-3 and 3-4 (continued)
JOB COST SHEET Job 72

Customer: Chico Supply Co.
Date Started 12/1/2018
Description: Aluminum Doors
Quantity: 300 Date Completed
MATERIALS DIRECT LABOR MFG. OVERHEAD APPLIED

REQ. REF. REF.
DATE NO. AMOUNT DATE NO. HRS. AMOUNT DATE NO. RATE AMOUNT
12/1 R084 7,050
12/10 R087 7,050
JOB COST SHEET

Customer: Apple Const. Supply Co. Job 73
Date Started 12/10/2018
Description: Aluminum Ladders 6”

REQ. REF. REF.
12/10 R085 7,250
12/21 RM84 (150)
12/22 R088 5,800
JOB COST SHEET Job 74

Customer: Santol Co.
Description: Aluminum Ladders 8” Date Started 12/28/2018

REQ. REF. REF.
12/28 R089 8,700
RETURNED MATERIALS REPORT

CREDIT: ACCT. Returned Materials Report

Job No. 73 No. 84
Date 12/21/2018
Dept.
QUANTITY MAT. NO. DESCRIPTION UNIT COST AMOUNT

25 ST-15 Steps, 4” x 15” 6.00 150.00
REASON FOR RETURN

Entered on Entered on Entered on Received by
Materials Ledger Card Job Cost Sheet Dept. Overhead
Analysis Sheet
(Student’s Initial) (Student’s Initial)

DATE 12/22/2018
CHARGE: ACCT, 122
JOB 73

200 RA–8 Side rails, 8” P 14.00 P 2,800.00
100 ST–12 Steps, 4” x 12” 4.50 450.00
300 ST–15 Steps, 4” x 15” 6.00 1,800.00
100 TO -612 Tops, 6” x 12” 7.50 750.00
P 5,800.00

Sheet

JOB 74
300 RA-8 Side rails, 8” P 14.00 P 4,200.00

150 ST–12 Steps, 4” x 12” 4.50 675.00
450 ST–15 Steps, 4” x 15” 6.00 2,700.00
150 TO -612 Tops, 6” x 12” 7.50 1,125.00
P 8,700.00

Sheet
(Student’s Initial) (Student’s Initial (Student’s Initial) (Student’s Inititial)
4. MATERIALS
POST. DR.
EXPLANATIO
DATE N REF DEBIT CREDIT BALANCE CR.
Dec. 1 Balance 105,197.50 DR
31 VR 12 137,600 242,797.50 DR
31 VR 12 3,600 239,197.50 DR
31 MR12 36,050 203,147.50 DR
31 RM12 150 203,297.50 DR
5. Star Aluminum, Inc.

Schedule of Materials
December 31, 2018
Braces P64,697.50
Side rails, 6” 15,755.00
Side rails, 8” 17,855.00
Steps, 4” x 12” 28,957.50
Steps, 4” x 15” 27,600.00
Tops, 6” x 12” 43,237.50
Washers, 1/4” flat (Box of 100) 5,200.00
Total P203,297.50
DEPARTMENTAL OVERHEAD ANALYSIS SHEET
Department Welding Month of December , 2018
INDIRECT INDIRECT OTHER

DATE REF. TOTAL MATERIALS LABOR REPAIRS ITEMS AMOUNT
Dec..18 R086 2,000 2,000
Problem 3-3, 3-4 and 3-5 (continued)
VOUCHERS REGISTERS
For the Month of December , 2018 Page 12
Paid Vouchers Other Accounts

Voucher Check Payable Materials A/C
Date No. Payable To Date No. CR 201 DR 121 No. Debit Credit
Dec. 6 101 Doors Dist.,Inc. 54,600 54,600

16 102 Don Jose, Inc. 37,500 37,500
20 103 Pedro Hardware 45,500 45,500
27 104 King Dev., Inc. 7,650 201 11,250
121 3,600
145,250 137,600 11,250 3,600
Problem 3-3, 3-4 and 3-5 (continued)
MATERIALS REQUISITIONS JOURNAL

For the Month of December, 2018 Page 12

Dec. 1 084 72 7,050 7,050
10 085 73 7,250 7,250
18 086 Assembly 200 200
20 087 72 7,050 7,050
22 088 73 5,800 5,800
28 089 74 8,700 8,700
35,850 200 36,050
RETURNED MATERIALS JOURNAL
For the Month of December, 2010 Page1 2

Dec. 21 084 73 150 150

DELIVER TO Assembly Dept. Material Requisition No. 086

DATE 12/18/2018
CHARGE: ACCT, 122
JOB

25 boxes W–125 Washers, ¼” flat (Box of 100) 8.00 P200

Sheet
DELIVER TO Assembly Dept. Material Requisition No. 087

JOB 72

300 RA–6 Side rails, 6” P 11.50 P 3,450
150 ST–12 Steps, 4” x 12” 4.50 675
300 ST–15 Steps, 4” x 15” 6.00 1,800
150 TO -612 Tops, 6” x 12” 7.50 1,125
P 7,050
Sheet

Multiple Choices - Theoretical: Chapter 3: Storing and Issuing Materials

Uploaded by

Copyright:

Available Formats

You might also like

Multiple Choices - Theoretical: Chapter 3: Storing and Issuing Materials

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Multiple Choices - Theoretical: Chapter 3: Storing and Issuing Materials

Uploaded by

Copyright:

Available Formats

Chapter 3: Storing and Issuing Materials

MULTIPLE CHOICES - THEORETICAL

2) The bin tag:

3) No materials may be issued without a written document called the:

4) Materials requisition should indicate the following except:

6) A material ledger card should indicate the following except:

7) A material requisition journal:

9) What is the purpose of using a materials requisition journal?

MULTIPLE CHOICES - COMPUTATIONAL

Requisition Returned Materials Report

a. Work in Process 44,810

b. Work in Process 44,810

c. Direct Materials 44,810

d. Manufacturing Overhead Control 4,880

Beginning balance 15,980

a. Vouchers payable 3,500

b. Work in Process 3,500

c. Vouchers payable 3,500

d. Work in Process 3,500

Problem 3-1: Materials Ledger Entries

June 1: Beginning balance 560

Problem 3-2: Journalization and Posting of Materials Transactions

May 1: Beginning inventory of raw materials P155,500

_Problem 3-3: Simulation Problems – Processing Documents

During December 2018 the following transactions occurred:

300 units RA-6 side rails, 6’

7: Disbursement Voucher 101 on the next page is received.

Payee: Doors Distributors Inc.

2. Prepare the materials requisitions.

16: Disbursement Voucher 102 is received as shown below:

Payee: Pedro Hardware Inc.

Distribution Check No._______________

20: Disbursement Voucher 103 is received.

21: Returned Materials Report 84 is received by the storeroom supervisor. The

Payee: Pedro Hardware Inc.

Distribution Check No._______________

1. Prepare the materials requisitions.

Payee: King Developers,Inc.

800 Steps, ST-23, 4”x12” @4.50 3,600

1. Complete the materials requisitions.

Multiple choices - Theoretical

Multiple Choices – Computational

Total material requisitions P36,926

Beginning balance 15,980 units

MATERIALS LEDGER CARD

RECEIVED ISSUED BALANCE

1. MATERIALS REQUISITIONS JOURNAL

For the Month of May , 2010 Page

Work in Process FO Control Materials

For the Month of May , 2018 Page

Paid Vouchers Other Accounts

May 4 051 Shaft Supply 58,100 58,100

Problem 3-3, 3-4 and 3-5

Materials Braces Reorder Point 6,000 units

RECEIVED ISSUED BALANCE

Materials Side Rail 6” Reorder Point 3,000 units

RECEIVED ISSUED BALANCE