Assignment 2a Problem Set eBook Cost of Materials Issuances Under the FIFO Method 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. Received Issued Receiving Report Quantity Unit Price Number Materials Requisition Number Quantity Amount Date Quantity Balance Unit price Amount May 1 370 $8 $2,960 24 260 $10 May 4 370 8 2,960 260 10 2,600 107 420 May 10 10 30 170 12 May 21 10 170 12 120 250 May 27 12 Feedback Check My Work a. Calculate the amount of each materials issue, using FIFO. In the Balance section, separate each different unit price and its quantity. 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, separate each different unit price and its quantity. c. Journalize the summary entry to transfer materials to work in process. If an amount box does not require an entry, leave it blank. Himal in Or