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 Quantity Issued Amount Balance Balance Unit Balance Date Quantity price Amount May 1 280 $9 $2,520 25 200 $11 May 4 31 130 133 108 320 May 10 May 21 121 190 May 27