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Received Issued Materials Unit Requisition Unit Report Number Quantity Price Number Quantity Amount Date Quantity Price Amount $30.40 $8,907 May 1 May 4 May 10
Received Issued Materials Unit Requisition Unit Report Number Quantity Price Number Quantity Amount Date Quantity Price Amount $30.40 $8,907 May 1 May 4 May 10 May 21 May 27 293 40 135 $31.20 91 362 107 38.10 97 103 a Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Round your unit price answers to two decimal places and final answers to the nearest dolar b. Determine the materials inventory balance at the end of May. Round your answer to the nearest dollar c Joumalize the summary entry on May 31 to transfer materials to work in process. Refer to the Chart of Accounts for exact wording of account tmles. Round your answers to the nearest doar d. Explain how the materials ledger might be used as an ald in maintaining inventory quantties on hand c Journalize the summary entry on May 31 to transfer materials to work in process. Reler to the Chart of Accounts for exact wording of accoun PAGE 10 DATE DESCRIPTION POST. REF. Check My Work All work saved
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