eBook Calculator Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: Balance a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Receiving Materials Unit Report Quantity Requisition Quantity Amount Date Price Number Number Quantity Unit price Amoun May 1 330 $9 $2,970 26 230 $11 May 4 330 9 2,970 230 11 103 370 $ May 10 11 32 160 13 May 21 11 13 116 220 O May 27 13 Feedback 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. Check My Work Previous Next > eBook Calculator 103 370 May 10 11 32 160 13 May 21 11 13 116 220 May 27 13 Feedback 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 inventory balance at the end of May. Feedback Check My Work 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 10 101 Materials Check My Work Previous Next