Question: 1. Prepare First in First out (FiFO) 2. Prepare Last In First Out (LIFO) 3. Prepare cumulative weighted average cost (CWACO). a. Star Troopers Bhd

1. Prepare First in First out (FiFO)

2. Prepare Last In First Out (LIFO)

3. Prepare cumulative weighted average cost (CWACO).

1. Prepare First in First out (FiFO) 2. Prepare Last In First

a. Star Troopers Bhd is a wholesaler that buys and sells toy action figures. The transactions in the last four months of 2020 were recorded as below: C. Month September October November December Units Purchased Required: 300 200 250 100 Unit purchase price RM 8 First-in-first-out (FIFO) b. Last-in-first-out (LIFO) 9 10 11 Units sold 260 180 It is the policy of the company to purchase on the tenth day and sell on the last day of each month. All product purchased were kept in a storeroom before sales. 220 140 Record the above transactions in a store ledger card using each of the following stock valuation methods: (7 marks) (7 marks) Cumulative weighted average cost (CWACO). (Calculate the weighted average cost per unit to 4 decimal places.) (6 marks) (Total 20: marks)

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