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 Report Number Unit Quantity Price Materials Requisition Number Quantity Amount Date Quantity Unit price Amount May 1 270 $8 $2,160 26 190 $10 May 4 108 310 May 10 32 130 12 May 21 May 27 121 180 b. Determine the materials inventory balance at the end of May. c. Journalize the summary entry to transfer materials to work in process. as reported in the materials ledger with predetermined order points would enable management to order materials before a(n) d. Comparing causes idle time.