The following is the record of receipts and issues of a certain material for the month of December:
| December 3. Don't use plagiarized sources. Get Your Custom Essay on prepare a stores ledger account based on fifo method 617129 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page | Opening balance 200 kg at Rs. 20 per kg |
| Issue 100 kg | |
| Issue 50 kg | |
| Purchases 300 kg at Rs. 18 per kg | |
| Issue 300 kg | |
| Purchases 50 kg at Rs. 15 per kg | |
| Issue 100 kg | |
| Received back from completed job 5 kg | |
| (previously issued at Rs. 20 per kg) |
Prepare a stores ledger account based on FIFO Method.
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