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 Receiving Report Number Received Quantity Received Unit Price Issued Materials Requisition Number Balance Issued Issued Balance Balance Quantity Amount Date Quantity Unit price Balance Amount May 1 400 $5 $2,000 25 280 $7 May 4 31 Feedback 190 107 450 May 10 May 21 120 270 May 27