The following are the receipts and issues of coal in a factory during March 1994:

The maximum level fixed is 400 tonne, the minimum is 75 tonne and the reorder level is 100 tonne.
Show the stores ledger under LIFO system.

Transcribed Image Text:

1 March 4 6 8 9 14 17 20 25 28 31 Opening stock is 200 tonne at Rs 460 per tonne Issued 140 tonne Purchased 350 tonne at Rs 450 per tonne Condemned due to deterioration in quality and transferred to scrap, 30 tonne Issued 80 tonne Issued 210 tonne Purchased 200 tonne at Rs 480 per tonne Issued 120 tonne Purchased 180 tonne at Rs 470 per tonne Issued 280 tonne Excess found in stock, 43 tonne, due to wrong weighing during the month