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: Following is an extract of the record of receipts and issues of sulphur in a chemical factory during November, 2020:- November 1. Opening balance
: Following is an extract of the record of receipts and issues of sulphur in a chemical factory during November, 2020:- November 1. Opening balance 500 tonnes@ $200. 3. Issue: 70 tonnes 4. Issue : 100 tonnes 8. Issue 80 tonnes 13. Received from supplier 200 tonnes @ 190 14. Returned from department 15 tonnes 16. Issue : 180 tonnes Received from supplier 240 tonnes @3190 24. Issue: 300 tonnes 25. Received from supplier 320 tonnes 3190 26. : 115 tonnes 27. Returned from department 35 tonnes 28. Received from supplier 100 tonnes 3190 20. Issues are to be priced on the principal of 'First in First Out'. The stock verifier of the factory had found shortage of 10 tonnes on the 22nd and left a note accordingly. Draw up priced stores ledger card for the material, showing the above transactions. : Following is an extract of the record of receipts and issues of sulphur in a chemical factory during November, 2020:- November 1. Opening balance 500 tonnes@ $200. 3. Issue: 70 tonnes 4. Issue : 100 tonnes 8. Issue 80 tonnes 13. Received from supplier 200 tonnes @ 190 14. Returned from department 15 tonnes 16. Issue : 180 tonnes Received from supplier 240 tonnes @3190 24. Issue: 300 tonnes 25. Received from supplier 320 tonnes 3190 26. : 115 tonnes 27. Returned from department 35 tonnes 28. Received from supplier 100 tonnes 3190 20. Issues are to be priced on the principal of 'First in First Out'. The stock verifier of the factory had found shortage of 10 tonnes on the 22nd and left a note accordingly. Draw up priced stores ledger card for the material, showing the above transactions
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