TJS is a maker of portable microphones. Handheld transmitters are one of the key materials needed in manufacturing. The warehouse record reveals an opening balance of 800 handheld transmitter devices, each worth RM8.

TJS is a maker of portable microphones. Handheld transmitters are one of the key materials needed in manufacturing. The warehouse record reveals an opening balance of 800 handheld transmitter devices, each worth RM8. The following transactions were made for September 2020. September 2 Purchase 1,300 units at RM8.50 6 Issue 1,500 units to the production department 8 Purchased 1,700 units at RM8.60 per unit before trade discount. The supplier allowed RM0.20 per unit for trade discount. 10 Return to supplier 50 units bought on 8 September 2020 Issue 500 units to the production department 17 Return 100 units from production department to store due to excess stocks taken from the latest issued 27 Issue 1,000 units to production department 30 Stock counts shows a balance of 800 units of handheld transmitters. 15 Required: Prepare a store ledger using First in First Out (FIFO) for September 2020 and show the value of closing stock