An incomplete subsidiary ledger of materials inventory for May is as follows:

RECEIVED			ISSUED			BALANCE
Receiving			Materials
Report		Unit	Requisition					Unit
Number	Quantity	Price	Number	Quantity	Amount	Date	Quantity	Price	Amount
						May 1	285	$30.00	$8,550
40	130	$32.00				May 4
			91	365		May 10
44	110	38.00				May 21
			97	100		May 27

Required:

A.	Complete the materials issuances and balances for the materials subsidiary ledger under FIFO.
B.	Determine the materials inventory balance at the end of May.
C.	Journalize the summary entry on May 31 to transfer materials to work in process. Refer to the Chart of Accounts for exact wording of account titles.
D.	Explain how the materials ledger might be used as an aid in maintaining inventory quantities on hand.