QUESTION 2 (25 MARKS) The following are the inventory data of Noble Sdn Bhd for...
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QUESTION 2 (25 MARKS) The following are the inventory data of Noble Sdn Bhd for June 2022: Beginning inventory balance from previous year is 5 units at the cost of RM1.80 per unit. Required: Find the ending inventory value and cost of goods sold using perpetual system with the following methods: a) First In First Out (FIFO) (12marks)(CLO1:PLO1:C3)(11marks)(CLO1:PLO1:C3) b) Weighted Average Method (WACO) (11 marks) (CLO1:PLO1:C3) c) Give TWO (2) systems that are usually used to evaluate inventory. (2 marks) (CLO1:PLO1:C3)
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QUESTION 2 (25 MARKS) The following are the inventory data of Noble Sdn Bhd for June 2022: Beginning inventory balance from previous year is 5 units at the cost of RM1.80 per unit. Required: Find the ending inventory value and cost of goods sold using perpetual system with the following methods: a) First In First Out (FIFO) (12marks)(CLO1:PLO1:C3)(11marks)(CLO1:PLO1:C3) b) Weighted Average Method (WACO) (11 marks) (CLO1:PLO1:C3) c) Give TWO (2) systems that are usually used to evaluate inventory. (2 marks) (CLO1:PLO1:C3) 