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  • Burgerlicious SDN BHD FIFO Method

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    yasmeen
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    Burgerlicious Sdn Bhd's store ledger card for April 2020 using the FIFO costing method shows purchases of 300kg of material on April 6 costing RM7140 and 215kg on April 10 costing RM4300. Material issued totaled RM12359.49. Closing stock on April 30 was 200kg valued at RM4310.8.

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    Question 2

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    Burgerlicious Sdn Bhd's store ledger card for April 2020 using the FIFO costing method shows purchases of 300kg of material on April 6 costing RM7140 and 215kg on April 10 costing RM4300. Material issued totaled RM12359.49. Closing stock on April 30 was 200kg valued at RM4310.8.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    17 views2 pages

    Burgerlicious SDN BHD FIFO Method

    Uploaded by

    yasmeen
    Burgerlicious Sdn Bhd's store ledger card for April 2020 using the FIFO costing method shows purchases of 300kg of material on April 6 costing RM7140 and 215kg on April 10 costing RM4300. Material issued totaled RM12359.49. Closing stock on April 30 was 200kg valued at RM4310.8.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Question 2

    Burgerlicious Sdn Bhd


    Store Ledger Card for the month of April 2020
    FIFO Method

    Date Purchase Issued


    (April) Quantity (Kg) Price/unit Total (RM) Quantity (Kg) Price/unit
    1

    4 180 21

    6 300 23.8 7140

    8 185 23.074

    10 215 20 4300

    18 Return to supplier 200 21.554

    28 (Stock loss) 35 21.554

    Cost of material issued : 12359.49

    Value of closing stock : 4310.8


    cious Sdn Bhd
    or the month of April 2020
    O Method

    Issued Stock Balances


    Total (RM) Quantity (Kg) Price/unit Total (RM)
    285 21 5985

    3780 105 21 2205

    405 23.074 9345

    4268.69 220 23.074 5076.28

    435 21.554 9376.28

    4310.8 235 21.554 5065.19


    235

    754.39 200 21.554 4310.8


    200

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