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please asap thankyou Martel Corporation is a manufacturing business that produces corporate merchandise. For production of one their main product that is stainless steel tumbler,

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please asap thankyou

Martel Corporation is a manufacturing business that produces corporate merchandise. For production of one their main product that is stainless steel tumbler, they utilise a material called 'metal lace'. The business maintains a perpetual inventory system using Last-In-First-Out method for all their production raw materials. Based on the record from the warehouse management, there are 25 units of 'metal lace' valued at RM10 per unit on 31 August 2021. The following records transactions was provided for September 2021. Date Transactions 2021 Sep 2 Purchase 50 units at RM11 per unit. 3 Issued 60 units of material for production. Purchase another batch of 40 units at RM12 per 5 unit 11 Issued 30 units of metal lace Five units of metal lace from the latest purchase 12 was found to be defect and was return to supplier. Purchase new batch of 20 units of material at 18 RM13 each. 22 Issued 40 units of material to factory. Stock take was carried out at the end of month and the balance showed 15 units of 'metal lace' available in storage. Required: (a) Prepare the store ledger card for the above transactions. (20 marks) (b) Determine the total cost of material issued to production and the value of closing stock for September 2021

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