Cost of Materials Issuances An Incomplete subsidiary ledger of wire cable for July is as follows: a. Complete the materials issuances and balances for the wire cable subsidiary ledger. Apply a FIFO inventory flow assumption. Received Issued Balance Materials Receiving Report Number Quantity Unit Price Requisition Date Quantity Amount Unit Price July 1 July 5 Number Quantity Amount 220 $1,760 $8 23 150 $10 108 250 ] July 10 July 20 29 100 $12 121 150 July 26 b. Determine the balance of wire cable at the end of July c. Determine the total amount of materials transferred to Work in Process for July d. All of the following statements about a materials ledger are true except