An incomplete subsidiary ledger of materials inventory for May is as follows: a. Complete the materials issuances and balances for the materials subsidiary ledger un.. FIFO, Received Issued Balance Receiving Report Number Quantity Unit Price Materials Requisition Number Quantity Amount Date Quantity Unit price Amount May 1 320 $8 $2,560 24 220 $10 May 4 320 8 2,560 220 10 2,200 100 360 May 10 10 30 150 12 May 21 10 12 113 210 May 27 12 b. Determine the materials inventory balance at the end of May. C. Journalize the summary entry to transfer materials to work in process. If an amount box does not require an entry, leave it blank. Work in Process Il Materials