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 Balance Receiving Materials Unit Unit Report Quantity: Requisition Quantity Amount Date Quantity Amount Price Number price Number May 1 340 $8 21 240 $10 May 4 340 $2,720 2,720 240 V 10 2,400 V 102 380 10 X May 10. 380 X 10 27 160 12 12 May 21 115 230 May 27 0000 Feedback Check My Work a. Calculate the amount of each materials issue, using FIFO. In the Balance section, separate each different unit price and its quantity. eBook a. Calculate the amount of each materials issue, using FIFO. In the Balance section, separate each different unit price and its quantity. b. Determine the materials inventory balance at the end of May. Feedback Check My Work b. Calculate the amount of each materials issue, using FIFO. In the Balance section, separate each different unit price and its quantity c. Journalize the summary entry to transfer materials to work in process. Feedback Check My Work Journer und Sumithary unity to tender materiam, co work in process Foodback Check My Work c. Increase work in process and decrease materials for the total of issuances found in Reg. a as reported in the materials ledger with predetermined order points would enable management to order materials before an d. Comparing. causes idle time. Feedback Check My Work d. What is the benefit of having materials as needed? Fredback Check My Wark Partially correct Next