Chapter 17 Job Order Costing 815 b. $2,280 O. 2 EX 17-3 Cost of materials Issuances under the FIFO method An incomplete subsidiary ledger of materials inventory for May is as follows: RECEIVED ISSUED BALANCE Receiving Materials Report Unit Requisition Number Quantity Price Number Quantity 285 Unit Price Amount $30.00 $8,560 40 130 $32.00 Quantity Amount Date May 1 May 4 305 May 10 May 21 100 May 22 91 44 110 38.00 97 . Complete the materials Issuances and balances for the materials subsidiary ledger under PIPO 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 quantities on hand. 0.2 How SHOW EX 17-4 Entry for issuing materials Materials issued for the current month are as follows: Requisition No. Material Job Ne 201 Aluminum 500 202 Plastic 503 203 Rubber 504 204 Glue Indirect 205 Steel 510 Journalize the entry to record the issuance of materials Amount 588,700 27.600 3.650 2.250 38.750