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Cost of Materials Under the FIFO Methand An incomplete wbudiary of materials entory for May is as follow Balance a. Complete the materials and balances for the material utaldiary lodger under FIFO. Received Tied Receiving Hotels Report Quantity Requisition Quantity Amount Price Number Nam Date Quantity Amount May 200 99 1.100 140 $11 May 102 230 Hay 10 HW 21 71 00 13 115 150 D Calculate the amount of each month fronte Balance section where to stand Feedback Check My Work a. Calculate the amount of each materials issue, using FIFO. In the Balance section b. Determine the materials inventory balance at the end of May. Feedback Check My Work b. Calculate the amount of each materials issue, using FIFO. In the Balance section, C. Journalize the summary entry to transfer materials to work in process. Work in Process Materials