The following is the summary of the receipts and issues of materials in a factory during February:
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The following is the summary of the receipts and issues of materials in a factory during February:
Issues are to be priced on the principle of FIFO. The stock verifier of the factory noticed that on 15 February there was a shortage of 5 kg and on 27 February there was another shortage of 8 kg. Write the stores ledger account, recording the aforementioned transactions.
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