The stock of materials as on 1 January was 750 units Rs 1 50 per unit Following purchases and issues of this item were made subsequently Prepare stores ledger account assuming that the issues are made under base stock method in conjunction with FIFO method Base Stock Units 400 Receipts Quantity Rat...

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The stock of materials as on 1 January was 750 units @ Rs.1.50 per unit. Following purchases

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The stock of materials as on 1 January was 750 units

@ Rs.1.50 per unit. Following purchases and issues of this item were made subsequently:

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Prepare stores ledger account assuming that the issues are made under base stock method in conjunction with FIFO method. Base Stock Units: 400

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Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

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Question Posted: Jun 12, 2024 10:13 AM

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The stock of materials as on 1 January was 750 units @ Rs.1.50 per unit. Following purchases

Question:

Receipts Quantity Rate per Unit Issues Quantity Date (Units) (Rs.) (Units) January 6 300 9 600 1.65 16 450 1.80 19 750 22 300

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Cost Accounting

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