eBook Printem 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 Receiving Materials Unit Report Quantity Requisition Amount Quantity Price Number Number Balance Date Quantity Unit price An 400 May 1 58 $ May 4 25 $10 280 100 450 May 10 May 21 31 190 12 10 113 270 May 27 b. Determine the materials inventory balance at the end of May, Journalize the summary entry to transfer materials to work in process. If an amount box does not require an entry leave it blank Print Item rider the FIFO Method ser of materials inventory for May is as follows: suances and balances for the materials subsidiary ledger under FIFO. Issued Materials Unit Requisition Quantity Amount Price Number Balance Date Quantity Unit price Amount May 1 400 $8 $3,200 $10 May 4 100 450 May 10 12 May 21 113 270 May 27 inventory balance at the end of May. entry to transfer materials to work in process. If an amount box does not require an entry, leave it blank Previous Next ngageNOWV2 Onlinx renow.com/ilm/rakeAssignment/takeAssignment Main.do?invoket=&takoAssignmentSession.ocator=&inprogress-takse eBook Print tom PIC Number Number May 1 100 25 280 $10 May 4 100 450 May 10 31 190 12 May 21 113 270 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 before an as reported in the materials ledger with predetermined order points would enable management to order materials causes idle time Pris