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.

Feedback

T Check My Work

a$.$ Calculate the amount of each materials issue, using FIFO. In the Balance section, separate each different unit price and its quantity.

b$.$ Determine the materials inT ventory balance at the end of May. C$.$ Journalize the summary entry to transfer materials to work in process work in process and materials