RM = RINGGIT MALAYSIA

The Round Dough is an entrepreneur specialize in making pizza. The company maintains a perpetual inventory and values its stock using First in First Out (FIFO) method. The information below relate to their best-selling product 'Mushroom Party Pan'. One unit of 'Mushroom Party Pan' requires 0.8 kg of flour. Their record disclosed that there were 1,300 kg of flour were in stock at the beginning of the period, where 700 kg were purchased on October 2021 at RM 2.60 per kg and the remaining balances were purchased on September 2021 at RM 2.20 per kg. Below are the transactions for the month of November 2021: Date Transactions Nov 3 Purchased 400 kg of flour at a total of RM1,080. Nov 5 Production requested flour to produce 1,000 unit of 'Mushroom Party Pan'. Nov 8 Production requested flour to produce 375 unit of Mushroom Party Pan'. Nov 12 Purchased 250 kg of flour at a total of RM700. Nov 18 Production requested flour to produce 625 unit of 'Mushroom Party Pan'. Nov 23 Purchased 120 kg of flour at a total of RM348. Nov 25 Returned to supplier 150 kg of flour that was purchased on 12 November due to expired flour. Nov 28 Production requested flour to produce 100 unit of 'Mushroom Party Pan'. The physical stock count on November 30 shows a balance of 160 kg of flour. Required: a) Prepare a store ledger card for The Round Dough for the month of November 2021. b) Determine the value of closing stock at 30 November 2021. c) Determine the value of stock loss or excess (if any) incurred at 30 November d) Determine the net value of materials issued to productions for the month of November 2021