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 firo. Received Issued Receiving Materials Unit Report Quantity Requisition Quantity Amount Number Number Balance Date Price Quantity Unit price Amount 200 55 $1,000 May 1 May 4 25 140 $7 tha 230 May 10 31 90 9 May 21 [ ] 116 130 May 27 b. Determine the materials inventory balance at the end of May c. Journalize the summary entry to transfer materials to work in process, at we end of May. C. Journalize the summary entry to transfer materials to work in process d. Comparing as reported in the materials ledger with predetermined order points would enable management to order materials before and causes idle time. Previous Check My Work instructor Sendt Submit Assignment for Grading