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DATE Jan.1 PARTICULARS Balance bf 1000 units PRICE/AMOUNT Valued at shs.1000 Jan.1 Received 1000 units @1.00/unit Jan.10 Received 260 units @1.05/unit Jan.20 Issued 700 units
DATE Jan.1 PARTICULARS Balance bf 1000 units PRICE/AMOUNT Valued at shs.1000 Jan.1 Received 1000 units @1.00/unit Jan.10 Received 260 units @1.05/unit Jan.20 Issued 700 units Feb.4 Received 400 units @1.15/unit Feb.21 Received. 3.00 units @1.25/units March.16 April 12 Issued 620 units Issued 240 units VEND May 10 Received 500 units @1.10/unit Required, Prepare stores ledger using, 1. LIFO METHOD (8 marks) II. Weighted average method (8 marks) III. Analyze the closing stock in each case? (9 marks)
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