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Marvelously Enchanted Berhad is an organic jam manufacturer in Malaysia. One of the main ingredients for the baby food is green apple that the
Marvelously Enchanted Berhad is an organic jam manufacturer in Malaysia. One of the main ingredients for the baby food is green apple that the company imports from Australia. The following transactions occurred in the month of March 2022: March 1 Balance from the previous month of 45 boxes worth RM2,655. Purchased 50 boxes at RM62 per box. 5 15 Issued 35 boxes to production department. Purchased 40 boxes at RM65 per box. 19 Purchased 25 boxes at RM64 per box. 23 Issued 50 boxes to production department. i. 24 Returned from production department 5 boxes at the latest issue price. 26 Returned to supplier 10 boxes of apples bought on the 5th of March. 28 Issued 30 boxes to production department. 31 Physical stock-taking showed a balance of 35 boxes were in the store. Required: Prepare store ledger card for March 2022 using First in First Out (FIFO) method
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ANSWER 3 5 5 11 15 Jan 1 Balance Purchase Issue Purchase 19 27 3 FIFO method Purchase Qty Perunit ...Get Instant Access to Expert-Tailored Solutions
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