\fo 1 Lo e ey F e e ] D e L Case Study 3 Bucknor Manufacturing Pty Ltd uses a perpetual inventory system. The unit cost of inventory is assigned using the FIFO method. During April the company had the below transactions for an inventory item. 1/4 Beginning Inventory 160 units @ $12.20 $1,952 5/4 Issued Job 565 100 units 10/4 Purchased on credit 120 units @ $12.80 $1,536 18/4 Issued Job 570 160 units 20/4 Purchases on credit 60 units @ $13.40 $804 23/4 Returns from Job 570 20 units 24/4 Returns to supplier 20 units (Purchase Apr 20) Based on the case study please provide the following: a) Prepare an inventory ledger card (stock card) to record the above. (Use attached template) b) Prepare a journal entry to record the total issues for April (Use attached template) ) A stocktake on 30/4 shows 75 units on hand. Prepare a general journal entry to record the cost of any inventory variance. (Use attached template) d) What source documents could you use to confirm the details of the transactions listed above H27 ) A B C D E F G H | J Date Received Issued Balance Date Units CostS$ Total$ Units CostS$ Total$ Units CostS$ Total$ Stock Card | Journal & Ready [ {3 Accessibility: Good to go