Question
During the month of November, Hassan Glass Factory conducted the following transactions for the glass materials: DateTransactions 01Balance of 400 units brought forward at Rs.
During the month of November, Hassan Glass Factory conducted the following transactions for the glass materials:
DateTransactions
01Balance of 400 units brought forward at Rs. 50 each.
03Received 300 units at Rs. 55 each in the stores.
07Issued 100 units to the factory for production.
15Received another lot of 200 units at Rs. 52 each in the stores.
18Issued 150 units to the factory for production.
21Issued 300 more units to the factory for production.
25Received 150 units of material at Rs. 60 each.
29Issued 200 more units to the production.
The company is using perpetual inventory system for proper controls.
Required:- Prepare Store Ledger Card using each of the following methods of inventory costing :
First in First Out
Last in First Out
Moving Average
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