Cost of materials insurance under the fifo method.An incomplete subsidiary of materials inventory for May is as follows:

eBook Calculator a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Balance Receiving Materials Report Quantity Unit Price Requisition Quantity Amount Date Quantity Unit Number Number price Amount May 1 280 $2,240 23 200 $10 May 4 107 320 May 10 29 130 N May 21 120 190 May 27 10 100000 b. Determine the materials inventory balance at the end of May. TA c. Journalize the summary entry to transfer materials to work in process. If an amount box does not require an entry, leave it blank. Work in Process Materials d. Comparing as reported in the materials ledger with predetermined order points would enable management to order materials before a(n) A causes idle time . Check My Work 2 more Check My Work uses remaining. Previous Next All work saved. Save and Exit Submit Assignment for Grading MacBook Air