The following information is extracted from the stores ledger of Anu Ltd:
| September 1. Don't use plagiarized sources. Get Your Custom Essay on issues are to be priced on the principle of fifo write the stores ledger account 617128 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page | Opening balance | 500 units at Rs. 10 |
| Purchases | 100 units at Rs. 11 | |
| Purchases | 700 units at Rs. 12 | |
| Purchases | 400 units at Rs. 13 | |
| October 13. | Purchases | 1,000 units at Rs. 14 |
| Purchases | 500 units at Rs. 15 | |
| November 17. | Purchases | 400 units at Rs. 16 |
Issue of materials:
| September | 9 | 500 units |
| 22 | 500 units | |
| 30 | 500 units | |
| 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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