In a factory, stores are issued and accounted for on FIFO method. If the stock of a particular material on 1st March, 2001 is 1,000 units valued at Rs. 5 per unit and the particular, of purchase and issue during the month of March 2001 are as follows:

March 3 Purchases 200 units @ Rs. 5.50 March 9 Issues 1,000 units March 15 Purchases 1,400 units @ Rs. 6.00 March 17 Issues 1,000 units March 21 Purchases 800 units @ Rs. 6.50 March 23 Issues 1,000 units Prepare a Stores Ledger Account.

[Ans.: Closing stock of 400 units at Rs. 2,600]