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 Quantity Amount Number Price Number Balance Date Quantity Unit price Amount 22 May 1 220 150 $5 $7 $1,100 May 4 104 250 May 10 28 100 9 May 21 117 150 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 redetermined order points would enable management to order materials before acn) causes idle time Next