Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: Balance a. Complete the materials issuances and balances for the materials Subsidiary ledger under FIFO Received Issued Receiving Materials Unit Report Quantity Price Requisition Quantity Amount Number Number Date Quantity Unit price amount Amount 240 59 22 170 11: May 1 May 4 105 270 May 10 28 110 13 21 12: 160 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. If an amount box does not require an entry, leave it bank d. Comparing as reported in the materials ledger with predetermined order points would enable management to order materials before an) Causes die time