A) Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. (Picture below)

B) Determine the materials inventory balance at the end of May: $___________

C) Journalize the summary entry to transfer materials to work in process. If an amount doesn't require an entry, leave it blank. Picture below.

Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Balance Materials Unit Unit Receiving Report Number Quantity Requisition Quantity Amount Date Quantity Amount Price price Number May 1 320 $7 $2,240 27 220 $9 May 4 ) 101 360 May 10 llllll milli till 33 150 11 May 21 114 210 May 27 Work in Process 88 Materials