Comel Bhd is a company that buys and sells computers. On 1 June 2013 it...
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Comel Bhd is a company that buys and sells computers. On 1 June 2013 it had 200 unsold computers in stock, each valued at RM800. During June, the company received deliveries as follows: Date Number of computers received Unit cost Market price 9 100 RM900 RM 1,000 18 200 RM1,000 RM 1,200 22 100 RM1,100 RM 1,300 Also in June, the sales of computers were as follows: Date Number of computers sold 13 200 19 250 27 100 REQUIRED: (a) Prepare the Goods Ledger Card using the following methods: (i) LIFO - in perpetual system (ii) FIFO -in perpetual system
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