Question 3 (A) Oct The following are the movement of inventories of Beta Sdn. Bhd. for the month of October 2021: Date Particulars Unit Cost RM/kg 1 Balance b/d 500 kgs 2.00 5 Sold 450 kgs 7 Purchased 450 kgs 2.10 10 Purchased 100 kgs 2.50 18 Sold 500 kgs 23 Purchased 300 kgs 2.60 27 Sold 250 kgs 30 Purchased 400 kgs 2.65 Required: Prepare the inventory records for the month ended 31 October 2021 using the following methods: (a) Weighted Average Cost (WAC): (7 marks) (b) First In, First Out (FIFO) (8 marks) (B) Jack Sdn. Bhd. bought a packaging machine costing RM50,000 by cash on January 2018. The company had decided to depreciate the packaging machine using the straight line method. The residual value of the packaging machine is RM5,000 after 5 years. Required: Prepare the following ledger accounts for the year ended 31 December 2020 and 31 December 2021: Packaging machine account: (4 marks) (b) Accumulated depreciation - Packaging machine account (6 marks) [Total: 25 marks b)