Question: please prepare store ledger using FIFO method thank you 18 b. Tarayaki Sdn Bhd has a factory in Johor Bahru producing a single product called
18 b. Tarayaki Sdn Bhd has a factory in Johor Bahru producing a single product called TARAYAKI. They maintain their inventory on a perpetual system. One of the materials used in the production process is TPO-01. Two units of TPO-01 are used to make one unit of TARAYAKI The following transactions are the movement of material TPO-01 for June 2019: June Balance at the beginning of the month was 5,000 units of TPO-01, which 1 consists of 2,000 units priced at RM14.50 each purchased in May, 1,000 units priced at RM14.80 each purchased in April and the balance priced at RM14.70 each purchased in March 8 Purchased 5,000 units of TPO-01 at RM15.00 each. 12 Issued TPO-01 to production department to produce 3,500 units of TARAYAKI. Purchased 2,500 units of TPO-01 at RM15.50 each. 21 Returned 500 units of TPO-01 bought on 18 June to the supplier 24 Issued 2,000 units of TPO-01 to production department, 29 Returned to store 1,000 units TPO-01 due to over issuance on the latest issued date. 30 Stock count recorded 3,500 units of TPO-01 in the store. Required: Prepare a store ledger card for June 2019 using the method. (12 marks) il. Determine the cost of material issued to production department for June 2019. (1 mark)
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