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B . Mawar Sdn Bhd is a manufacturing company. It manufactures a mobile gatget known as 'BLUE'. The following are transactions of the purchase and
B Mawar Sdn Bhd is a manufacturing company. It manufactures a mobile gatget known as 'BLUE'. The following are transactions of the purchase and issue of components which form part of the product manufactured by the company for the month of January
tableDateUnits,tableValueRIItableJanuarytableBalance at the beginning of the monthwas units of 'BLUE' valued atRM per unit.Issued to production department,Received form supplier,Received from supplier,Issued to production department,tableReturned excess of units fromproduction to store to be recorded atthe latest issued price.Received from supplier,Issued to production department,tableStocktaking shown that there were units in store. The discrepancywas due to stock being stolen.
Required:
Prepare a store ledger card using Last In First Out LIFO method.
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