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. I need only FIFO for all Q 14. The following are particulars of receipts and issues of materials of Al Maya LLC for the

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image text in transcribed I need only FIFO for
all Q
14. The following are particulars of receipts and issues of materials of Al Maya LLC for the month of August 2018 Aug. 1 Opening balance: 500 units @ OMR 4 Aug. 5 Received from vendor 200 units @ OMR 4.25 Aug. 12 Received from vendor 150 units @ OMR 4.10 Aug. 20 Received from vendor 300 units @ OMR 4.50 Aug. 25 Received from vendor 400 units @ OMR 4 Issues of material were as follows: Aug. 4 200 units; Aug. 10 400 units; Aug. 15 100 units; Aug. 19 100 units Aug. 30 250 units You are required to prepare the stores ledger account using the following methods 1. FIFO 2. LIFO 3. Simple Average and 4. Weighted Average 15. The raw material ledger of an industrial concern shows the following: January 1 Balance 1000 units @RO4 each January 5" Received 400 units @RO5 each January 10 Issued 800 units January 15" Issued 400 units January 20 Received 1000 units @RO6 each January 25" Issued 1000 units Prepare the stores ledger using FIFO, LIFO AND WAM. 16. The raw material ledger of an industrial concern shows the following: January 1 Balance 2000 units @RO2 each January 30 Issued 1000 units January 5 Received 2000 units @RO3 each January 7 Issued 2000 units January 10" Received 2000 units @RO2.5 each January 15 Issued 2000 units January 20" Received 1000 units @RO4 each January 25 Issued 1500 units Prepare the stores ledger using FIFO, LIFO AND WAM

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