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A. Wondershare Ltd had the following transactions in one of its raw materials during April 2020. The opening stock of goods was 40 units @$10
A. Wondershare Ltd had the following transactions in one of its raw materials during April 2020. The opening stock of goods was 40 units @$10 each. The following information relates to the month of April: Units sold Units bought 140 units @$11 each 90 units 60 units @$12 each 100 units Date April 4 April 10 April 12 April 13 April 16 April 21 April 23 April 26 April 29 200 units @$10 each 70 units 80 units 50 units @$12 each 60 units Required: Prepare the stores ledger card for Wondershare Ltd using the First-In First-Out (FIFO) and Average cost (AVGCO) Methods
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