NI Upute subsidiary ledger of materials inventory for May is as follows: RECEIVED Receiving Receiving Report Number Materials Requisition Number Unit Price Quantity Unit Quantity Price Amount 40 132 285 Ron $29.10 $8,294 11 37.20 3 May 27 Required: Complete the material issuances and balances for the materials subsidiary ledger under FIFO. Round your unit price answers to two decimal places and final answers to the nearest dollar B. Determine the materials inventory balance at the end of May Round your answer to the nearest dollar C. Journalize the summary entry on May 31 to transfer materials to work in process Refer to the Chart of Accounts for exact wording of account titles. Round your answers to the nearest dollar D. Explain how the materials ledger might be used as an ad in maintaining inventory Quantties on hand A Complete the materials ances and balances for the border leder under FIFO Round your price answers to dem a nd final to the ear lier RECEIVED ISSUED Geceving BALANCE Heport Number wantity Price Requisition Number Ontity 1 2 .00 132M 91 357 510690 1123720 May 21 .10 $200 $32.00 $3200 53720 337.00 X 103 % Determine the maternelor ce at the end of May Round your awer to the nearest