Please answer the following question on attached file which is to prepare raw material inventory card for Material A using FIFO and Weighted Average methods of inventory costing for the following transactions:

Question 21 Prepare a raw material inventory card for Material A using FIFO and Weighted Average methods of inventory costing for the following transactions: June June June June June 1 Opening Balance 2 Purchases 3 Issues 4 Purchases 5 Issues 50 units @ $5.00 40 units @ $4.50 70 units 35 units @ $4.00 45 units Prepare the journal entry necessary to charge the raw material issued to the production process. NOTE: Use the inventory cards and blank General Journal extracts on the following page for your answer. 1 Adapted from Question 1, page 200 of Davy, Colin & Bruce, Danny, Provide Management Accounting Information, 7th Edn. This page has been left blank for your answer to Question 2. First In First Out (F.I.F.O.) Date Received Qty Unit $ Total Issued Qty Unit $ Total Total Qty Unit $ Total General Journal Debi t Weighted Average Date Received Qty Unit $ General Journal Issued Total Qty Unit $ Cred it Total Total Qty Unit $ Total Debi t Cred it