Q.3 Following is an extract of the record of receipts and issues of sulphur in a chemical factory during November, 2018. Nov. Nov. 1 Opening Balance 500 tonnes @ $ 200.20 Received from supplier 240 tonnes 3 Issue : 70 tonnes. @ $190. 4 Issue : 100 tonnes. 24 Issue : 300 tonnes. 8 Issue : 80 tonnes. 25 Received from supplier 320 tonnes 13 Received from supplier 200 tonnes @ $ 190. @ $190. 26 Issue : 115 tonnes. 14 Returned from department 15 tonnes. 27 Returned from department 35 tonnes. 16 Issue: 180 tonnes. 28 Received from supplier 100 tonnes @ $190. 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