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The balance of Material Q on May 1 and the receipts and issuances during May are as follows: Line Item DescriptionValueBalance, May 18 at $32Received,
The balance of Material Q on May 1 and the receipts and issuances during May are as follows:
Line Item DescriptionValueBalance, May 18 at $32Received, May 1123 at $33Received, May 2515 at $35Issued, May 1714Issued, May 2718Determine the cost of each of the issuances under a perpetual system, using the FIFO method. May 17 issue: May 27 issue:
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