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 Materials Unit Unit Report Quantity Requisition Quantity Amount Date Quantity Amount Price price Number Number 285 $30.00 $8,550 %232.00 May 4 K098'I X098't May 10 16 X 098' May 21 00'RE X OT X 098'T x 098'T May 27 001 X 098'T eapan Check My Work a. Calculate the amount of each materials issue, using FIFO, In the Balance section, separate each different unit price and its quantity b. Determine the materials inventory balance at the end of May. x 289's eBook Calculator Print Item X OT May 27 X OT Feedback Check My Work a. Calculate the amount of each materials issue, using FIFO. In the Balance section, separate each different unit price and its quantity. b. Determine the materials inventory balance at the end of May. X 289'S Foedback Check My Work b. Calculate the amount of each materials issue, using FIFO. In the Balance section, separate each different unit price and its quantity c. Journalize the summary entry to transfer materials to work in process. Work in Process X SLa'9 Materials