The following information is extracted from the stores ledger:
| January 1. Don't use plagiarized sources. Get Your Custom Essay on issue are to be priced on the principle of fifo method write up the stores ledger ac 617130 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page | Opening balance 500 units at Rs. 4 |
| Purchases 200 units at Rs. 4.25 | |
| Purchases 150 units at Rs. 4.10 | |
| Purchases 300 units at Rs. 4.50 | |
| Purchases 400 units at Rs. 4 |
Issue of materials were as follows:
| January 4. | 200 units |
| 400 units | |
| 100 units | |
| 100 units | |
| 200 units | |
| 250 units |
Issue are to be priced on the principle of FIFO method. Write up the stores ledger account.
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