From the following particulars, write the stores ledger card: Adopt the FIFO method of issue and ascertain
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From the following particulars, write the stores ledger card:
Adopt the FIFO method of issue and ascertain the value of closing stock.
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ST 1 January 5 Opening stock is 1,000 units at Rs 26.00 each Purchased 500 units at Rs 24.50 each 7 10 12 Issued 750 units Purchased 1,500 units at Rs 24.00 each Issued 1,100 units Purchased 1,000 units at Rs 25.00 each 15 17 18 25 29 Issued 500 units Issued 300 units Purchased 1,500 units at Rs 26.00 each Issued 1,500 units
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