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Burgerlicious SDN BHD FIFO Method

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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91 views2 pages

Burgerlicious SDN BHD FIFO Method

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.

Uploaded by

yasmeen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

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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