From the following information, prepare a store ledger account under specific pricing with FIFO: Hint: The lot
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From the following information, prepare a store ledger account under specific pricing with FIFO:
Hint: The lot purchased on 5 April was reserved and issued to the specific job on 15 April.
Transcribed Image Text:
1 April Opening balance 2 April Issued 50 kg at Rs 10 30 kg 4 April Purchased 60 kg at Rs 11 5 April Purchased 50 kg at Rs 12 for a specific job to be issued on 15 April 6 April Issued 25 kg 10 April Purchased 50 kg at Rs 10 16 April Issued 25 April Purchased 30 April Issued 60 kg 25 kg at Rs 12 35 kg
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