Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of material inventory for May is as follows: Balance Balance Complete the materials ances and balances for the materials subsidiary ledger under FIFO. Received Issued Receiving Materials Unit Report Quantity Requisition Quantity Amount Date Price Number Number May 1 160 37 May 4 Quantity Unit price Amount 230 $5 $1,150 230 5 1,150 160 7 1,120 101 260 1,150 May 10 7 27 110 9 7 May 21 150 May 22 Determine the materials inventory balance at the end of May Cost of Materials Issuances Under the FIFO Method An incomplete subsidiary ledger of material inventory for May is as follows: Balance Balance Complete the materials ances and balances for the materials subsidiary ledger under FIFO. Received Issued Receiving Materials Unit Report Quantity Requisition Quantity Amount Date Price Number Number May 1 160 37 May 4 Quantity Unit price Amount 230 $5 $1,150 230 5 1,150 160 7 1,120 101 260 1,150 May 10 7 27 110 9 7 May 21 150 May 22 Determine the materials inventory balance at the end of May