eBook Calculator Print Item 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 Receiving Report Number Quantity Unit Price Materials Requisition Number Unit Quantity Amount Date Quantity Amoun price May 1 380 $5 $1,900 27 270 $7 May 4 33 180 9 100 430 May 10 May 21 113 250 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. Check My Work 5 more Check My Work uses remaining. 99+ e B Previous Next 5:08 PM 2/24/2019 22