The following transactions took place in the month of February:

The store verifi er of the factory noticed that on 15 February he had found a shortage of 5 quintals and on 27February another shortage of 8 quintals.
Write up the complete stores ledger account in respect of materials using

(a) FIFO and

(b) LIFO methods.

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February 1. Opening Balance 500 quintals @ Rs. 25. 3. Issue 4. Issue 8. Issue 13. Received from vendor 14. Refund of surplus from a work order 16. Issue 20. Received from vendor 24. Issue 25. Received from vendor 26. Issue 70 quintals 100 quintals 80 quintals 200 quintals 15 quintals @ Rs. 24.50 180 quintals 240 quintals @ Rs. 24.37 340 quintals 320 quintals @Rs. 24.31 112 quintals 27. Refund of surplus from a 12 quintals @ Rs. 24.50 work order 28. Received from vendor 100 quintals @ Rs. 25