Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

C. Wawalicious Sdn Bhd is a company producing chiffon cakes with different flavours. The main ingredient in manufacturing the chiffon cake is secret mixed cake

image text in transcribed
image text in transcribed
C. Wawalicious Sdn Bhd is a company producing chiffon cakes with different flavours. The main ingredient in manufacturing the chiffon cake is secret mixed cake flour ordered specially from a supplier in Kota Bharu, Kelantan. One whole chiffon cake requires 1kg of mixed cake flour. The company keeps its inventory based on FIFO (First-In-First- Out) method. The record in the store shows an opening balance of 2,080kg of cake flour purchased on July at RM3.00 per kg and 3,140 kg of cake flour purchased on November at RM3.20 per kg. The following transactions occured on November 2019. November 2 Issued 1,250 kg of cake flour to production department. 3 Bought 3,100 kg at RM3.30 per kg of cake flour from supplier 8 Production department requested cake flour to produce 2,400 unit of cakes. 15 Purchased 1,800 kg cake flour at RM3.50 per kg. The supplier allowed a 20% trade discount for Happy Hour promotion and the price stated was before the deduction of trade discount. 16 Returned 250 kg of cake flour purchase on 3rd of August 2019 to supplier 21 Issued 3,430 kg of cake flour to production department. 27 Returned 150 kg from production department to store department due to excess taken from the latest issue of RM3.30 per kg 31 Stock count showed a balance of 2,580 kg of cake flour. Required: i. Prepare a store ledger card for the mixed cake flour for the month of November 2019. No: Date FORMAT 6 TORE LEDGER CARD LT) 31 BC BALANCE Name of Lesy HURRASS/ R01 AANT Q LUND AMOUNT PATE GTTYPER ANT 11 Price

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Regulation Of The London Stock Exchange Share Trading, Fraud And Reform 1914-1945

Authors: Chris Swinson

1st Edition

0367887568, 9780367887568

More Books

Students also viewed these Accounting questions