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eBook ost of Materials Issuances Under the FIFO Method n incomplete subsidiary ledger of materials inventory for May is as follows: . Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Balance Unit Unit Receiving Report Number Quantity Materials Requisition Number Quantity Amount Date Quantity Amount Price price May 1 260 $5 $1,300 260 $7 22 5 May 4 180 1,300 180 1,260 102 290 1,650 X May 10 180 XC 7 QUIJU. 290 X 28 120 May 21 9 115 170 May 27 Feedback Check My Work a. Calculate the amount of each materials issue, using FIFO. In the Balance section, separate each different unit price and its quantity. Type here to search (hp b. Determine the materials inventory balance at the end of May. $ Feedback Check My Work b. Calculate the amount of each materials issue, using FIFO. In the Balance section, separate each different unit price and its quantity. c. Journalize the summary entry to transfer materials to work in process. If an amount box does not require an entry, leave it blank. > Feedback Check My Work C. Increase work in process and decrease materials for the total of issuances found in Req. a. d. Comparing as reported in the materials ledger with predetermined order points would enable management to order materials be causes idle time. o Type here to search

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