Cost of Materials issuances under the 1 Method An incomplete subsdiary ledger of materials inventory for May is as follows: a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Reccived Issued Balance Materials Unit Price Unit Requisition Quantity Quantity Report Number Amount Date Amount price Number May 1 $2,450 25 240 $9 May 4 107 400 May 10 31 160 May 21 120 230May 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 a(n) causes idle time