QUESTION1(30MARKS)

AquaPlusSdnBhdproducesdietingjuiceknownasDaCbthatmixesdragonfruitwithacai

berries. One bottle of DaCb uses 200 gm of dragon fruit and 300 gm of acai berries. Theproduction starts from Mixing department where dragon fruits are mixedwith some water andhoney and latersendtoFinishingdepartmentwhereacaiberriesareadded.

Thedragonfruitsarenormallyboughtinbulkandrecentreceipts,issuesandreturnsondragonfruitsforthemonth ofJune 2020are asfollows:

June	Transactions
1	Openingbalanceof400kgsvaluedatRM5each.
2	Purchased 300kgsatapriceofRM5.50 each.
10	Purchased 450kgsatapriceofRM5.25 each.
15	Issuedtoproductiondepartmenttomanufacture3,000bottlesofDaCb.
20	Purchasedanother200kgs at aprice ofRM6 each.
25	Issued600kgstoproductiondepartment.
26	Purchased another500kgs at adiscountof 5%fromthelastprice.
27	Returned100kgstosupplierduetorottenfruits.Thereturnsarerelatedtothe purchasedon 26 June2015.
28	Purchased 200kgsatapriceofRM6.20 each.
29	Issuedtoproductiondepartmenttomanufacture2,000bottlesofDaCb.
30	Physicalstocktakeidentifiedthatthereare300kgsofdragonfruitsinthestore.

Required:

Prepareastoreledger cardusingLastinFirstout(LIFO) methodandshowthevalueofclosingstockas at30 June 2020.