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 Receiving Materials Unit Report Quantity Requisition Price Quantity Amount Number Number Balance Date Quantity Unit price May 1 310 $9 23 220 $11 May 4 106 350 May 10 29 150 13 May 21 119 210 May 27 b. Determine the materials inventory balance at the end of May. Feedback C. Journalize the summary entry to transfer materials to work in process. If an amount box does not require an entry, leave it blank. Feedback d. Comparing materials before an) as reported in the materials ledger with predetermined order points would enable management to order causes idle time