b.

$2,280

\ 0\ EX 2-3 Cost of materials issuances under the FIFO method An incomplete subsidiary ledger of materials inventory for May is as follows:\ Obj. 2\ \\\\table[[,ECEIVED,,,ISSUED,,,BALAN,VCE,],[\\\\table[[Receiving],[Report],[Number]],Quantity,\\\\table[[Unit],[Price]],\\\\table[[Materials],[Requisition],[Number]],Quantity,Amount,Date,Quantity,\\\\table[[Unit],[Price]],Amount],[\\\\table[[40],[44]],130,\\\\table[[

$32.00

EX 2-3 Cost of materials issuances under the FIFO method An incomplete subsidiary ledger of materials inventory for Mav is as followie. Obj. 2 a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. b. Determine the materials inventory balance at the end of May. 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