eBook An Incomplete subsidiary ledger of materials inventory for May is as follows: Balance a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Recelved Issued Receiving Materials Unit Report Quantity Requisition Quantity Amount Price Number Number Date Quantity Unit price Amount Amount May 1 200 $6 $1,200 24 140 $8 May 4 103 230 May 10 30 90 10 May 21 116 130 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. If an amount box does not require an entry, leave it blank d. Comparing as reported in the materials ledger with predetermined order points would enable management to arder materials before a(n) causes idle time Check My Work Previous Next