Cost of Materials Issamnors Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows a. Complete the materialsnes and balances for the material subdiary ledger under FIFO. Received Issued Balance Receiving Report Number Quantity Unit Price Materials Requisition Number Quantity Amount Date Quantity Unit price Amount May 1 240 59 $2,100 24 170 May 4 103 110 13 May 10 May 21 116 160 May 27 b. Determate the material inventory balance at the end of May c. Journals the summary entry to tamfer materials to work in process. If an amount box does not require an entry, leave it blank