The balance of Material Q on May 1 and the receipts and issuances during May are as follows:
Balance, May 1 8 at $32
Received, May 11 23 at $33
Received, May 25 15 at $35
Issued, May 17 14
Issued, May 27 18
Determine the cost of each of the issuances under a perpetual system, using the FIFO method.
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