Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Receiving Report Received Number Quantity 23 29 210 140 Received Unit Price $9 Issued Materials Requisition Issued Number Quantity 104 117 340 200 Issued Amount 3,900 X Balance Date May 1 May 4 May 10 May 21 May 27 Balance Quantity 300 300 ✔ x 160 X 160 X 140 ✓ 110 ✔ Balance Unit price 57 74 7 X 9 √ 9✓ 11 ✔ 11 Balance Amount $2,100 2,100✔ 2,100 X 1,890 X 1,260 X 1,540 1,210

Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Receiving Report Received Number Quantity 23 29 210 140 Received Unit Price $9 Issued Materials Requisition Issued Number Quantity 104 117 340 200 Issued Amount 3,900 X Balance Date May 1 May 4 May 10 May 21 May 27 Balance Quantity 300 300 ✔ x 160 X 160 X 140 ✓ 110 ✔ Balance Unit price 57 74 7 X 9 √ 9✓ 11 ✔ 11 Balance Amount $2,100 2,100✔ 2,100 X 1,890 X 1,260 X 1,540 1,210

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Description: help with missing values please!!! Cost of Materials Issuances Under the FIFO MethodAn incomplete subsidiary ledger of materials inventory for May is as follows:a. Complete the materials issuances and balances for the materials subsidiary ledger unde

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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