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Mr. Ahmed joined in Al-Suroor Edibles LLC as a Cost Accounting trainee, you are working as a store manager in the company, needs to train

  1. Mr. Ahmed joined in Al-Suroor Edibles LLC as a Cost Accounting trainee, you are working as a store manager in the company, needs to train him on how the stores ledger is prepared, and the company follows FIFO method for its stock recording process. Train Mr. Ahmed based on the below available transactions for March 2020.

Date

Particulars

Units

Rate per unit

(OMR)

1st March

Opening stock

200

2

5th March

Purchases

100

2.2

10th March

Purchases

150

2.4

20th March

Purchases

180

2.5

2nd March

Issues

150

7th March

Issues

100

12th March

Issues

100

30th March

Issues

200

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