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eBook Question Content Area Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: Question
eBook
Question Content Area
Cost of Materials Issuances Under the FIFO Method
An incomplete subsidiary ledger of materials inventory for May is as follows:
Question Content Area
a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO.
Received Issued BalanceReceiving Report NumberQuantityUnit Price Materials Requisition NumberQuantityAmount DateQuantityUnit priceAmount May 1310$8$2,48021220$10 May 431082480 220102200 103350xxx May 101801018002715012 May 21180101800 150121800 116210xxx May 27120121440B. Determine the materials inventory balance at the end of May. $1,440
c. Journalize the summary entry to transfer materials to work in process.
Work in Processxxx Materials xxxI need help with the bolded xxx in part a and the bolded xxx in part c
all the other numbers are there for more info if needed.. they are correct or were given.
TYSM
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