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 Unit Receiving Report Number Quantity Materials Requisition Number Quantity Amount Date Quantity Unit price Price 260 May 1 May 4 180 $7 104 104 290 C May 10 291209 May 21 117170 170 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. terials Issuances Under the FIFO Method lete subsidiary ledger of materials inventory for May is as follows: ete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Balance ing et Quantity Unit Price Materials Requisition Number Quantity Amount Date Quantity Unit price Amount her May 1 260 $5 $1,300 180 $7 May 4 1 104 290 $ May 10 120 9 May 21 117 170 May 27 mine the materials inventory balance at the end of May. ize the summary entry to transfer materials to work in process. b. Determine the materials inventory balance at the end of May. c. Journalize the summary entry to transfer materials to work in process. as reported in the materials ledger with predetermined order points would enable management to order d. Comparing materials before a(n) causes idle time