The following transactions are recorded in respect of materials used in a factory during April 1984: Issues

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The following transactions are recorded in respect of materials used in a factory during April 1984: image text in transcribed

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Issues are to be priced on the principle of FIFO. The stock verifier noted that on 15 April he found a shortage of 5 tonne and on 27 April another shortage of 8 tonne. Write the stores ledger account.

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Cost Accounting

ISBN: 9788131759462

1st Edition

Authors: K. Alex

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Question Posted: Sep 19, 2024 07:02 PM

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The following transactions are recorded in respect of materials used in a factory during April 1984: Issues

Question:

1 April Opening balance 2472 Issue Issue 12 Issue Received from vendor 500 tonne at Rs 25 70 tonne 100 tonne 80 tonne 200 tonne at Rs 26

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Cost Accounting

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