An incomplete subsidiary ledger of wire cable for May is as follows:

a. Complete the materials issuances and balances for the wire cable subsidiary ledger under FIFO.
b. Determine the balance of wire cable at the end of May.
c. Journalize the summary entry to transfer materials to work in process.
d. Explain how the materials ledger might be used as an aid in maintaining inventory quantities onhand.

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RECEIVED ISSUED BALANCE Receiving Materials Unit Requisition Report Number Quantity Price Number Quantity AmountDate Quantity Amount Price Unit May 120 $2,160 $18.00 May 3 May 5 May 19 May 25 23 190 $20.00 104 250 29 140 22.00 160