I can\'t figure out how to answer this. Need assistance. Cost of Materials Issua

Question

I can't figure out how to answer this. Need assistance.

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 Issued Balance Receiving Materials Unit Unit Report Quantity Number Requisition Quantity Amount Date Quantity Amount Price price Number 310 310 220 112 X $1,550 1,550 1,540 May 1 $5 25 220 May 4 5 108 350 2,306 X May 10 784 X 31 150 9 May 21 121 210 May 27

Explanation / Answer

b

$1080

c

Work in Progress   Dr 3360

Inventory                    Cr 3360

(1830+1530)

Received Issued Balance Receiving Report No Quantity Unit Price Material requisition No Quantity Amount Date Quantity Unit Price Amount May 31 310 5 1550 25 220 7 May 04 310 5 1550 220 7 1540 108 350 1830 May 10 180 7 1260 31 150 9 May 21 180 7 1260 150 9 1350 121 210 1530 May 27 120 9 1080

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