Prepare a stores ledger account from the following information adopting FIFO method of pricing of issues of
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Prepare a stores ledger account from the following information adopting FIFO method of pricing of issues of materials:
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March 1. Opening balance 500 tonne at Rs. 200 3. Issue 4. Issue 70 tonne 100 tonne 8. Issue 13. Received from 80 tonne 200 tonne at supplier Rs. 190 14. Returned from Dept A 15 tonne 16. Issue 180 tonne 20. Received from 240 tonne at supplier Rs. 195. 24. Issue 300 tonne 25. Received from 320 tonne at supplier Rs. 200 26. Issue 115 tonne 27. Returned from Dept B 35 tonne 28. Received from 100 tonne at supplier Rs. 200.
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