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 FIFO method.
Definitions:
Marketing Chain
The marketing chain refers to the sequence of intermediaries that goods or services pass through from the producer to the final consumer.
Deregulated
The reduction or elimination of government power in a particular industry, usually enacted to encourage competition and increase efficiency.
Banking
The industry involving the holding, lending, and managing of money and financial instruments for individuals, businesses, and governments.
Trucking
The industry or activity of transporting goods by road, typically involving large vehicles known as trucks.
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