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. Receiving Received Issued Balance Report Unit Number Quantity Price Materials Requisition Number Unit Quantity Amount Date Quantity price Amount May 1 285 $30.00 $8,550 40 130 $32.00 May 4 285 30.00 8,550 V 130 32.00 4,160 91 365 X May 10 44 110 38.00 May 21 97 97 100 May 27