Cost of materials issuances under the FIFO method Instructions Chart of Accounts Materials Inventory Journal Final Question Instructions An incomplete subsidiary ledger of materials inventory for May is as follows: Received Issued Balance Receiving Materials Report Unit Number Quantity Price Requisition Number Unit Quantity Amount Date Quantity Price Amount May 1 293 $30.40 $8,907 40 135 $31.20 May 4 91 362 May 10 44 107 38.10 May 21 97 103 May 27