An incomplete subsidiary ledger of wire cable for June is as follows:

a. Complete the materials issuances and balances for the wire cable subsidiary ledger under FIFO.
b. Determine the balance of wire cable at the end of June.
c.  Journalize the summary entry to transfer materials to work in process.
d. Explain how the materials ledger might be used as an aid in maintaining inventory quantities on hand.

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RECEIVED BALANCE ISSUED Receiving Materials Unit Requisition Number Quantity Amount Report Number Quantity Price Unit Quantity Date Price Amount June 1 June 2 350 $10.00 $3,500 26 250 $12.00 103 380 June 6 June 12 June 21 160 14.00 32 240 111