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please prepare store ledger using FIFO method thank you 18 b. Tarayaki Sdn Bhd has a factory in Johor Bahru producing a single product called
please prepare store ledger using FIFO method thank you
18 b. Tarayaki Sdn Bhd has a factory in Johor Bahru producing a single product called TARAYAKI. They maintain their inventory on a perpetual system. One of the materials used in the production process is TPO-01. Two units of TPO-01 are used to make one unit of TARAYAKI The following transactions are the movement of material TPO-01 for June 2019: June Balance at the beginning of the month was 5,000 units of TPO-01, which 1 consists of 2,000 units priced at RM14.50 each purchased in May, 1,000 units priced at RM14.80 each purchased in April and the balance priced at RM14.70 each purchased in March 8 Purchased 5,000 units of TPO-01 at RM15.00 each. 12 Issued TPO-01 to production department to produce 3,500 units of TARAYAKI. Purchased 2,500 units of TPO-01 at RM15.50 each. 21 Returned 500 units of TPO-01 bought on 18 June to the supplier 24 Issued 2,000 units of TPO-01 to production department, 29 Returned to store 1,000 units TPO-01 due to over issuance on the latest issued date. 30 Stock count recorded 3,500 units of TPO-01 in the store. Required: Prepare a store ledger card for June 2019 using the method. (12 marks) il. Determine the cost of material issued to production department for June 2019. (1 mark)
please prepare store ledger using FIFO method thank you
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