Balance a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO Received Issued Receiving Materials Unit Report Quantity Requisition Quantity Amount Price Number Number Date Quantity Unit price Amount May 1 230 $8 $1,840 23 160 $10 May 4 103 260 May 10 29 110 12 May 21 MI 116 150 May 27 b. Determine the materials inventory Stance the end of May Journalize the summary entry to transfer material to work in anunt bak deen erre an entry, teave it blank Comparing was reported the maten edge with predetermined order point would enable management to order materials before an) Causes idle time