Prepare a stores ledger account from the following information adopting FIFO method of pricing of issues of materials:
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Opening balance |
500 tonne at Rs. 200 |
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Issue |
70 tonne |
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|
Issue |
100 tonne |
|
|
Issue |
80 tonne |
|
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Received from |
200 tonne at |
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supplier |
Rs. 190 |
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|
Returned from Dept A |
15 tonne |
|
|
Issue |
180 tonne |
|
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Received from |
240 tonne at |
|
|
supplier |
Rs. 195. |
|
|
Issue |
300 tonne |
|
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Received from |
320 tonne at |
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|
supplier |
Rs. 200 |
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|
Issue |
115 tonne |
|
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Returned from Dept B |
35 tonne |
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Received from |
100 tonne at |
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supplier |
Rs. 200. |
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