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 1 220 $1,760 27 150 $10 May 4 01011 105 DIIII)= 250 May 10 33 100 12 May 21 118 150 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. Comparing as reported in the materials ledger with predetermined order points would enable management to order materials before an) causes idle time