Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: Question Content Area a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Receiving Report Number Received Quantity Received Unit Price Issued Materials Requisition Number Issued Quantity Issued Amount Balance Date Balance Quantity Balance Unit price Balance Amount May 1 250 $7 $1,750 26 180 $9 May 4 fill in the blank 1 of 20 fill in the blank 2 of 20 fill in the blank 3 of 20 fill in the blank 4 of 20 fill in the blank 5 of 20 fill in the blank 6 of 20 104 280 fill in the blank 7 of 20$ May 10 fill in the blank 8 of 20 fill in the blank 9 of 20 fill in the blank 10 of 20 32 120 11 May 21 fill in the blank 11 of 20 fill in the blank 12 of 20 fill in the blank 13 of 20 fill in the blank 14 of 20 fill in the blank 15 of 20 fill in the blank 16 of 20 117 170 fill in the blank 17 of 20 May 27 fill in the blank 18 of 20 fill in the blank 19 of 20 fill in the blank 20 of 20 Feedback Area Feedback

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 blank.