The following information is extracted from the stores ledger of Anu Ltd:
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issues are to be priced on the principle of fifo write the stores ledger account 617128
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Opening balance |
500 units at Rs. 10 |
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Purchases |
100 units at Rs. 11 |
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|
Purchases |
700 units at Rs. 12 |
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Purchases |
400 units at Rs. 13 |
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October 13. |
Purchases |
1,000 units at Rs. 14 |
|
Purchases |
500 units at Rs. 15 |
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November 17. |
Purchases |
400 units at Rs. 16 |
Issue of materials:
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September |
9 |
500 units |
|
22 |
500 units |
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|
30 |
500 units |
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October |
15 |
500 units |
|
22 |
500 units |
|
|
November |
11 |
500 units |
Issues are to be priced on the principle of FIFO. Write the stores ledger account.
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