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please show working Caut of Materials issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: . Complete

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Caut of Materials issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: . Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Issued Balance Received Receiving Report Quantity Number Unit Price Materials Requisition Number Quantity Amount Date Quantity Unit price Amount 320 $5 $1,000 25 220 May 1 May 4 $2 320 5 1,600 220 7 1,540 100 360 May 10 31 150 9 May 21 7 150 9 121 210 May 27 9 b. Determine the materials inventory balance at the end of May. 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 Check My Work 108 360 May 10 31 150 9 May 21 7 150 9 121 210 May 27 9 Fondback b. Determine the materials inventory balance at the end of May. Feedback 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 Food

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