Complete the materials issuances and balances for the materials subsidiary ledger under FIFO.

Received Receiving Report Number	Received Quantity	Received Unit Price	Issued Materials Requisition Number	Issued Quantity	Issued Amount	Balance Date	Balance Quantity	Balance Unit price	Balance Amount
						May 1	310	$5	$1,550
22	220	$7				May 4	fill in the blank 1 of 20	fill in the blank 2 of 20	fill in the blank 3 of 20
							fill in the blank 4 of 20	fill in the blank 5 of 20	fill in the blank 6 of 20
			104	350	fill in the blank 7 of 20$	May 10	fill in the blank 8 of 20	fill in the blank 9 of 20	fill in the blank 10 of 20
28	150	9				May 21	fill in the blank 11 of 20	fill in the blank 12 of 20	fill in the blank 13 of 20
							fill in the blank 14 of 20	fill in the blank 15 of 20	fill in the blank 16 of 20
			117	210	fill in the blank 17 of 20	May 27	fill in the blank 18 of 20	fill in the blank 19 of 20	fill in the blank 20 of 20

Question Content Area

b. Determine the materials inventory balance at the end of May. fill in the blank 1 of 1$

Question Content Area

c. Journalize the summary entry to transfer materials to work in process. If an amount box does not require an entry, leave it blank.

blank	Account	Debit	Credit
blank	Accounts PayableCashFinished GoodsMaterialsWork in Process
	Accounts PayableCashFinished GoodsMaterialsWork in Process

Question Content Area

d. Comparing

quantities on handmaterials cost

as reported in the materials ledger with predetermined order points would enable management to order materials before a(n)

lack of materialsexcess of materials

eBook Receiving Report Number Received Quantity Received Unit Price Materials Requisition Number Balance Issued Quantity Issued Amount Balance Date Balance Quantity Unit price Balance Amount May 1 310 $5 $1,550 22 220 $7 May 4 104 350 May 10 28 150 9 May 21 117 210 May 27 < 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 box does not require an entry, leave it blank. d. Comparing causes idle time. as reported in the materials ledger with predetermined order points would enable management to order materials before a(n)