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

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 to transfer materials to work in process.
d. Explain how the materials ledger might be used as an aid in maintaining inventory quantities on hand.

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