Cost of Materials Issuances Under the FIFO Method An Incomplete subsidiary ledger of materials inventory for May is as follows: a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Receiving Materials Unit Report Quantity Requisition Price Quantity Amount Number Number Balance Date Quantity Unit price Amount May 1 250 $7 $1,750 26 180 $9 Maya 102 250 May 10 32 120 May 21 115 170 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 of 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 idle time. Ched: My Workmore Check My Work uses remaining eBook Calculator Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: a. Complete the materials issuances and balances for the materials subsidiary ledger under Received Issued Unit Receiving Report Number Quantity Materials Requisition Number Price Quantity Amount 26 180 $9 102 280 32 120 11 IO 115 170 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 d. Comparing as reported in the materials ledger with predetermined order iary ledger under FIFO. Balance Unit Amount Date Quantity Amount price May 1 250 $7 $1,750 May 4 May 10 May 21 May 27 cess. If an amount box does not require an entry, leave it blank. edger with predetermined order points would enable management to order materials before a(n)