cost of goods manufactured for a manufacturing company

eBook 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 Recelving Materials Unit Report Quantity Number Price Requisition QuantityAmount Unit Date Quantity Amount Number price May 1 210 $5 $1,050 26 150 $7 May 4 107 240 May 10 May 21 32 100 120 140 May 27 b. Determine the materials inventory balance at the end of May, Journalize the summary entry to transfer materials to work in process. Check My Work Ned