X company has purchased and issued materials as follows:
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June 1. Stock of materials Don't use plagiarized sources. Get Your Custom Essay on
prepare the stores ledger account under fifo method and lifo method 617137
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200 units at Rs. 2.50 per unit |
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3. Purchased |
300 units at Rs. 3 per unit |
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7. Purchased |
500 units at Rs. 4 per unit |
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10. Issued |
600 units |
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12. Purchased |
400 units at Rs. 4 per unit |
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18. Issued |
500 units |
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24. Purchased |
400 units at Rs. 5 per unit |
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28. Issued |
200 units |
Prepare the stores ledger account under FIFO method and LIFO method.
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