a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Receiving Report Number Received Quantity Received Unit Price Issued Materials Balance Requisition Issued Number Quantity Issued Balance Balance Unit Balance Amount Date Quantity price Amount May 1 340 $6 $2,040 26 240 $8 May 4 340 6 2,040 240 8 1,920 101 380 2,360 May 10 280 X 8 32 160 10 10 May 21 280 8 160 10 1,600 114 230 May 27 110 X 10 Feedback Check My Work b. Determine the materials inventory balance at the end of May.