Ahmad Enterprise purchase and sales a single product called Cristy. The company maintains a perpetual inventory...

  

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Ahmad Enterprise purchase and sales a single product called "Cristy". The company maintains a perpetual inventory system. The company values its stock based on the Last in First put (LIFO) method. Opening stock for January 2018 of "Cristy" was 800 units at a total cost of Rm2,000. The transactions during the month are as follows: Date January 3 6 9 12 15* 20 28 Additional information: Purchase Units 1,500 2,000 3,000 Total Value (RM) 4,500 6,400 10,500 Issues Units 2,800 2,500 1,200 a) Ahmad Enterprise returned 300 units of "Cristy" to the store due to excedd taken. These units were purchased on 6 January 2018 b) During Physical stock county at the end of January, there were 1,000 units of "Cristy" in store. Required: Prepare a store ledger card for January 2014 using the weight age average method and show the value of closing stock. Ahmad Enterprise purchase and sales a single product called "Cristy". The company maintains a perpetual inventory system. The company values its stock based on the Last in First put (LIFO) method. Opening stock for January 2018 of "Cristy" was 800 units at a total cost of Rm2,000. The transactions during the month are as follows: Date January 3 6 9 12 15* 20 28 Additional information: Purchase Units 1,500 2,000 3,000 Total Value (RM) 4,500 6,400 10,500 Issues Units 2,800 2,500 1,200 a) Ahmad Enterprise returned 300 units of "Cristy" to the store due to excedd taken. These units were purchased on 6 January 2018 b) During Physical stock county at the end of January, there were 1,000 units of "Cristy" in store. Required: Prepare a store ledger card for January 2014 using the weight age average method and show the value of closing stock.

Answer rating: 100% (QA)

Here are the stepbystep calculations 1 Opening stock Units 800 Total cost RM2000 Average cost per un... View the full answer