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Task 3: Jerry's Hardware Pty Ltd uses the perpetual inventoryr method to record theirr stock of garden rakes. Transactions for the period are set out
Task 3: Jerry's Hardware Pty Ltd uses the perpetual inventoryr method to record theirr stock of garden rakes. Transactions for the period are set out below: 1 Jul Opening balance $15.00 4 Jul Purchase $14.00 11 Jul Purchase return (from 4Ju|) -- Sale 200 Sale return [from 18 Jul) 20 Purchase 190 $ 13.50 Required: A. Record the information on the stock ledger card using the FIFO method. E. Record the information on the stock ledger card using the Weighted Average cost method. Note: for the Weighted Average Method: - Show and round the Unit Cost to two [2) decimals, and - round the Total {$1 columns to the nearest whole dollar
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