Required: (a) Prepare store ledger card for the month of April 2018 to record the transactions using: (i) (ii) (ii) FIFO LIFO AVCO

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 4
Sweet Khushbu Perfumers Sdn Bhd's store transactions during April 2018 are given below. The
company sells perfume in bottles of 100ml imported mainly from the Middle East.
Quantity
TI T
Purchases
Cost per unit (RM)
2/4
6/4
14/4
27/4
100
30
100
30
200
55
120
42
Sales
Quantity
Sales per unit (RM)
10/4
22/4
28/4
150
53
80
66
210
215
Required:
(a)
Prepare store ledger card for the month of April 2018 to record the transactions using:
(i)
(ii)
(iii)
Trading Account
FIFO
LIFO
AVCO
b)
Transcribed Image Text:Question 4 Sweet Khushbu Perfumers Sdn Bhd's store transactions during April 2018 are given below. The company sells perfume in bottles of 100ml imported mainly from the Middle East. Quantity TI T Purchases Cost per unit (RM) 2/4 6/4 14/4 27/4 100 30 100 30 200 55 120 42 Sales Quantity Sales per unit (RM) 10/4 22/4 28/4 150 53 80 66 210 215 Required: (a) Prepare store ledger card for the month of April 2018 to record the transactions using: (i) (ii) (iii) Trading Account FIFO LIFO AVCO b)
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