The ‘Receipts’ side of the stores ledger account shows the following particulars:

Issues of the materials are as follows:

Write the stores ledger account pricing the issues on the principle of FIFO and LIFO.

Transcribed Image Text:

1 January 5 January Opening balance of 500 units at Rs 4 per unit Received 200 units at Rs 4.25 per unit 12 January Received 150 units at Rs 4.10 per unit 20 January Received 300 units at Rs 4.50 per unit 25 January Received 400 units at Rs 4.00 per unit