300 units@Rs4 6. Prepare stores ledger under FIFO, LIFO, Weighted Average and Simple Average Method to the following: Date 1/1/2019 2/1/2019 3/1/2019 4/1/2019 5/1/2019 6/1/2019 7/1/2019 Transactions Opening stock Materials purchased Materials issued Materials purchased Units and amount 200 units@Rs.3 Materials issued Materials purchased Materials issued 250 units 100 units@SRs2 50 units 300 units@Rs3 200its 7. A company has three production department A, B and C and two service department P and Q. The expenses incurred by them during the month are: A- Rs80,000, B- Rs70,000, C- Rs50,000, P- Rs23,400, Q-Rs30,000 The expenses of service departments are apportioned to the production department on the following basis: Dept. A P 20% Q 40% B P 40% 20% 30% Nil 10% 20% 20% Nil Prepare overhead distribution summary under A. Repeated distribution method B. Simultaneous equation method 8. A product passes through three processes A, B and C. The normal wastage of each process is as follows: Process A - 3 per cent, Process B - 5 per cent, and Process C - 8 per cent. Wastage of Process A was sold at 25 paise per unit, that of Process B at 50 paise per unit and that of process Cat *1 per unit. 10,000 units were issued to Process A in the begining of October 2019 at a cost of *1 per unit. The other expenses were as follows: Process A Process B Process C Sundry materials 31.000 1,500 *500 Labour 5,000 28,000 26,500 Direct expenses *1,050 *1,188 2,009 Actual output 9,500 units 9,100 units 8,100 units Prepare the process accounts, assuming that there were no opening or closing stocks. Also give the Abnormal Wastage and Abnormal Gain Accounts.