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    Problem and Bin Tag

    Uploaded by

    Danica Mamontayao
    The document provides opening balances and transaction details for three materials in the inventory of Kobed Aluminum Doors Company for November 2020. It lists the reorder points, quantities, unit prices, and balances for side rails, tops, and steps. It then describes materials issued on November 3 for a job requiring 25 doors, and materials returned on November 4. The updated balances after these transactions are also shown.

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    Problem and Bin Tag

    Uploaded by

    Danica Mamontayao
    27 views3 pages
    The document provides opening balances and transaction details for three materials in the inventory of Kobed Aluminum Doors Company for November 2020. It lists the reorder points, quantities, unit prices, and balances for side rails, tops, and steps. It then describes materials issued on November 3 for a job requiring 25 doors, and materials returned on November 4. The updated balances after these transactions are also shown.

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    Problem-and-Bin-Tag (1).docx

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    The document provides opening balances and transaction details for three materials in the inventory of Kobed Aluminum Doors Company for November 2020. It lists the reorder points, quantities, unit prices, and balances for side rails, tops, and steps. It then describes materials issued on November 3 for a job requiring 25 doors, and materials returned on November 4. The updated balances after these transactions are also shown.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    27 views3 pages

    Problem and Bin Tag

    Uploaded by

    Danica Mamontayao
    The document provides opening balances and transaction details for three materials in the inventory of Kobed Aluminum Doors Company for November 2020. It lists the reorder points, quantities, unit prices, and balances for side rails, tops, and steps. It then describes materials issued on November 3 for a job requiring 25 doors, and materials returned on November 4. The updated balances after these transactions are also shown.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    The December opening balances of Kobed Aluminum Doors Company for the year 2020 are as follows:

    Materials Reorder Point Reorder Quantity Units Balance Price Amount

    RA-6 side rails, 6’ 1,300 8,000 2,000 P10.00 P20,000.00


    TO-612, 6” X 12” 1,100 5,000 1,500 8.00 12,000.00
    ST-15 steps, 4” X 15” 1,500 4,000 1,800 6.00 10,800.00

    BIN TAG
    Material No. 001 Location: Storage Facility
    Reorder Point: 1,300 Description: RA-6 side rails, 6’

    Date (2020) Quantity Quantity Issued Balance


    Received
    Nov. 1 2,000

    BIN TAG
    Material No. 004 Location: Storage Facility
    Reorder Point: 1,100 Description: TO-612, 6” X 12”

    Date (2020) Quantity Quantity Issued Balance


    Received
    Nov. 1 1,500

    BIN TAG
    Material No. 005 Location: Storage Facility
    Reorder Point: 1,500 Description: Steps ST-15, 4” X 15”

    Date (2020) Quantity Quantity Issued Balance


    Received
    Nov. 1 1,800
    The following transactions occurred on November 3-4:

    November 3: Materials are issued by the storeroom under Materials Requisition 130. The materials are
    for job 30 for Junjun Pogi Company. It calls for 25 aluminum doors. The materials
    requisitioned are as follows:

    200 units RA-6 side rails, 6’

    150 units Tops TO-612, 6” X 12”

    250 units Steps ST-15, 4” X 15”

    November 4: Surplus materials requisitioned for Job 30 are returned to the storeroom under Returned
    Materials Report No. 10. The materials returned are as follows:

    50 units Tops TO-612, 6” X 12”

    90 units Steps ST-15, 4” X 15”

    BIN TAG
    Material No. 001 Location: Storage Facility
    Reorder Point: 4,000 Description: RA-6 side rails, 6’

    Date (2018) Quantity Quantity Issued Balance


    Received
    Nov. 1 2,000
    Nov. 3 200 1,800

    BIN TAG
    Material No. 004 Location: Storage Facility
    Reorder Point: 2,500 Description: TO-612, 6” X 12”

    Date (2018) Quantity Quantity Issued Balance


    Received
    Nov. 1 1,500
    Nov. 3 150 1,350
    Nov. 4 (50) 1,400
    BIN TAG
    Material No. 005 Location: Storage Facility
    Reorder Point: 1,500 Description: Steps ST-15, 4” X 15
    Date (2018) Quantity Quantity Issued Balance
    Received
    Nov. 1 1,800
    Nov. 3 250 1,550
    Nov. 4 (90) 1,640

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