Prepare Stores Ledger as per first in first out method of pricing of issue of materials: Units Rate April 1,1993 Opening Balance 1,000 $ 5 April 3, 1993 Received 5,000 $ 6 April 4, 1993 Issued 3,000 April 6, 1993 Issued 2,000 April 8, 1993 Received 3,000 $5 April 9, 1993 Issued 2,000 The weekly physical stock taking on April 7, 1993 showed a shortage of 100 units