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QUESTION 3 Mikayla Sdn . Bhd . uses the periodic inventory method and had the following inventory information available: table [ [ Date ,

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QUESTION 3
Mikayla Sdn. Bhd. uses the periodic inventory method and had the following inventory information available:
\table[[Date,Description,Units,Unit cost,\table[[Total],[cost/sales]]],[September 1,\table[[Beginning],[inventory]],400,RM 6.00,RM 2,400],[September 3,Purchase,500,RM 7.10,RM 3,550],[September 5,Purchase,600,RM 7.50,RM 4,500],[September 12,Purchase,300,RM 7.35,RM 2,205],[September 18,Purchase,1,200,RM 8.00,RM 9,600],[September 20,Sales,700,RM 10.00,RM 7,000],[September 25,Sales,350,RM 11.00,RM 3,850],[September 30,Sales,250,RM 12.00,RM 3,000]]
Required:
Using Weighted Average Method in Periodic Inventory System, calculate:
(a) The ending inventory in unit.
(2 marks)
(b) The ending inventory in RM.
(4 marks)
(c) Cost of goods sold (COGS).
(2 marks)
(d) Gross Profit.
(2 marks)
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