Question: what is the correct answer for the two wrong answers and how do you get them? Cost of Materials Issuances Under the FIFO Method An
Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: Balance a. Complete the materiais Issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Receiving Materials Report Unit Requisition Number Quantity Price Number Quantity Amount Date May 1 40 130 $32.00 May 4 Quantity Unit price Amount 285 $30.00 $8.550 285 30 > 8,550 > 130 32 4,160 91 365 8,550 X May 10 50 32 1,600 44 110 38.00 May 21 50 32 1,600 110 38 4,180 97 100 2,560 X May 27 60 38 2,280 he Cache the amount of each materials issue, using FIFO. In the Balance section separate each different unit price and its quantity BI DELL
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