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    Tutorial Julai 2021

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    MSarelong Cute
    This document is a store ledger card that tracks inventory using the FIFO costing method. It shows the opening inventory balance of 200kg at RM7.50 per kg. Throughout the month, various receipts and issues are recorded along with the updated balances and costs. By the end of the month on April 30th, the closing inventory balance was 280kg at RM8.50 per kg.

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    Tutorial Julai 2021

    Uploaded by

    MSarelong Cute
    12 views1 page
    This document is a store ledger card that tracks inventory using the FIFO costing method. It shows the opening inventory balance of 200kg at RM7.50 per kg. Throughout the month, various receipts and issues are recorded along with the updated balances and costs. By the end of the month on April 30th, the closing inventory balance was 280kg at RM8.50 per kg.

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    ACC416

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    TUTORIAL JULAI 2021

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    This document is a store ledger card that tracks inventory using the FIFO costing method. It shows the opening inventory balance of 200kg at RM7.50 per kg. Throughout the month, various receipts and issues are recorded along with the updated balances and costs. By the end of the month on April 30th, the closing inventory balance was 280kg at RM8.50 per kg.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    12 views1 page

    Tutorial Julai 2021

    Uploaded by

    MSarelong Cute
    This document is a store ledger card that tracks inventory using the FIFO costing method. It shows the opening inventory balance of 200kg at RM7.50 per kg. Throughout the month, various receipts and issues are recorded along with the updated balances and costs. By the end of the month on April 30th, the closing inventory balance was 280kg at RM8.50 per kg.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    STORE LEDGER CARD (FIFO)

    QUESTION 2 JULY 2021


    RECEIPT ISSUE BALANCE
    DATE
    Qty (KG) Price Amount (RM) Qty (KG) Price Amount (RM) Qty (KG) Price Amount (RM)
    31-Mar Opening stock 200 7.50 1,500
    3-Apr 700 7.70 5,390 200 7.50 1,500
    700 7.70 5,390
    6-Apr 200 7.50 1,500 300 7.70 2310
    400 7.70 3,080
    7-Apr 850 8.00 6,800 300 7.70 2,310
    850 8.00 6,800
    9-Apr 300 7.70 2,310 400 8.00 3,200
    450 8.00 3,600
    13-Apr 940 8.25 7,755 400 8 3200
    940 8.25 7,755
    13-Apr Return to supplier 200 8.25 1,650 400 8.00 3,200
    740 8.25 6,105
    17-Apr 400 8.00 3,200 340 8.25 2,805
    400 8.25 3,300
    21-Apr 860 8.50 7,310 340 8.25 2805
    860 8.50 7,310
    28-Apr 340 8.25 2805 300 8.50 2,550
    560 8.50 4760
    30-Apr Stock Loss 20 8.50 170 280 8.50 2,380
    CLOSING STOCK 280 2,380

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