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The balance of Material Q on May 1 and the receipts and issuances during May are as follows: Line Item Description Value Balance, May 1

The balance of Material Q on May 1 and the receipts and issuances during May are as follows: Line Item Description Value Balance, May 1 8 at $32 Received, May 11 23 at $33 Received, May 25 15 at $35 Issued, May 17 14 Issued, May 27 18 Determine the cost of each of the issuances under a perpetual system, using the FIFO method. May 17 issue: $fill in the blank 1 May 27 issue: $fill in the blank 2

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