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Problem 17-6 The balance of Material Q on May 1 and the receipts and issuances...

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Accounting

Problem 17-6

The balance of Material Q on May 1 and the receipts and issuances during May are as follows:

Determine the cost of each of the issuances under a perpetual system, using the first-in, first-out method.

May 17 issue: $ May 27 issue: $

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