a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Balance Receiving Report Number Quantity Unit Price Materials Requisition Number Quantity Amount Date Quantity Unit price Amount May 1 250 $5 $1,250 27 180 $7 May 4 250 5 180 7 103 280 O May 10 7 33 120 9 May 21 116 170 May 27 b. Determine the materials inventory balance at the end of May. C. Journalize the summary entry to transfer materials to work in process. D. Feedback d. Comparing time. as reported in the materials ledger with predetermined order points would enable management to order materials before an) causes idle