9 Illustration 3 A firm maintains its stores ledger on the FIFO method. During the month of Jan. '78 the following receipts and issues of materials were made. Record these transactions in the stores ledger. Receipts Jan. 1. Balance 50 units @ Rs. 4 per unit 5. Purchase Order No. 10, 40 units @ Rs. 3 per unit 8. Purchase Order No. 12, 30 units @ Rs. 4 per unit 15. Purchase Order No. 11, 20 units @ Rs. 5 per unit 26. Purchase Order No. 13, 40 units @ Rs. 3 per unit Issues Jan. 10. Material Requisition No. 4,70 units 12. Material Requisition No. 5, 10 units 20. Material Requisition No. 6, 20 units 24. Material Requisition No. 7, 10 units 27. Shortage 5 units 99 9 99