Prepare a stores ledger account from the following information adopting FIFO method of pricing of issues of materials:
| March 1. Don't use plagiarized sources. Get Your Custom Essay on prepare a stores ledger account from the following information adopting fifo method 617131 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page | Opening balance | 500 tonne at Rs. 200 |
| Issue | 70 tonne | |
| Issue | 100 tonne | |
| Issue | 80 tonne | |
| Received from | 200 tonne at | |
| supplier | Rs. 190 | |
| Returned from Dept A | 15 tonne | |
| Issue | 180 tonne | |
| Received from | 240 tonne at | |
| supplier | Rs. 195. | |
| Issue | 300 tonne | |
| Received from | 320 tonne at | |
| supplier | Rs. 200 | |
| Issue | 115 tonne | |
| Returned from Dept B | 35 tonne | |
| Received from | 100 tonne at | |
| supplier | Rs. 200. |
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