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 Date Balance Unit Balance Quantity sice Amount May 1 230 $5 $1,150 22 160 $7 May 4 106 260 May 10 28 110 9 May 21 119 150 May 27