Please make ypur work copyable!

OBJ. 2 EX 19-2 Cost of materials issuances under the FIFO method An incomplete subsidiary ledger of materials inventory for May is as follows: RECEIVED ISSUED BALANCE Receiving Materials Report Unit Requisition Number Quantity Price Number Quantity 285 Unit Price Amount $30.00 $8,550 40 130 $32.00 Quantity Amount Date May 1 May 4 365 May 10 May 21 100 May 27 91 44 110 38.00 97 a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. b. Determine the materials inventory balance at the end of May. c. Journalize the summary entry to transfer materials to work in process. d. -Explain how the materials ledger might be used as an aid in maintaining inventory quantities on hand