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Question Three Kind Gestures Company is a leading producer of Akohia Soap in the Eastern Region of Ghana. The following information relate to a component
Question Three Kind Gestures Company is a leading producer of Akohia Soap in the Eastern Region of Ghana. The following information relate to a component part used in manufacturing Akohia Soap for the period ended 31st August, 2020. Units Total Cost (GHC) Stock on hand at January 1, 2020 2,000 100,000 Purchases made during the period; January 4,000 200,000 March 3,000 180,000 May 8,000 640,000 July 2,000 100,000 Issues made during the period; February 5,000 April 1,000 June 1,800 August 2,500 Required; a. Using the Last-in-first-out method, prepare the Store Ledger Account for the period ended 31 August, 2020. (11 marks) b. One of the key methods of inventory control in modem times is the just-in-time system, list and explain 3 benefits of this systemto a manufacturing company in Ghana. (6 marks) c. Explain three (3) importance of Job Costing
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