The following information is extracted from the stores ledger:
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issue are to be priced on the principle of fifo method write up the stores ledger ac 617130
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Opening balance 500 units at Rs. 4 |
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Purchases 200 units at Rs. 4.25 |
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Purchases 150 units at Rs. 4.10 |
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Purchases 300 units at Rs. 4.50 |
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Purchases 400 units at Rs. 4 |
Issue of materials were as follows:
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January 4. |
200 units |
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400 units |
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100 units |
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100 units |
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200 units |
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250 units |
Issue are to be priced on the principle of FIFO method. Write up the stores ledger account.
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