ECONOMICS

Detailed explanation-1: -A materials ledger card is a manual record of the units of raw materials flowing through a warehouse. The card typically contains information about the following transactions: Purchases of raw materials from suppliers (recorded when received) Transfers of raw materials from the warehouse to the production floor.

Detailed explanation-2: -The most important information in material ledger data is: Valuation price, inventory quantity, and inventory value in up to three currencies and/or valuations.

Detailed explanation-3: -Definition: A materials requisition form is a source document that the production department uses to request materials for manufacturing process. The production manager usually fills out the materials requisition form and delivers it to the materials or storage department where all of the raw materials are stored.