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Prepare the store ledger account by using : (a) First-in-first-out (FIFO) (b) Last-in-first-out (LIFO) : methods 2013 Jan 2 Purchased 4000 units @ Rs. 4.00

Prepare the store ledger account by using : (a) First-in-first-out (FIFO) (b) Last-in-first-out (LIFO) : methods 2013 Jan 2 Purchased 4000 units @ Rs. 4.00 per unit 20 Purchased 500 units @ Rs. 5.00 per unit Feb 5 Issued 2000 units Feb 10 Purchased 6000 units @ Rs. 6.00 per unit 12 Issued 4,000 units Mar 2 Issued 1000 units 5 Issued 2000 units 15 Purchased 4,500 units @ Rs. 5.50 per unit 20 Issued 3,000 units

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