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(b) From the following details, prepare a Stores Ledger Account indicating value of materials consumed and closing stock using LIFO method: Date 01.03.2015 05.03.2015

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(b) From the following details, prepare a Stores Ledger Account indicating value of materials consumed and closing stock using LIFO method: Date 01.03.2015 05.03.2015 12.03.2015 22.03.2015 08.03.2015 18.03.2015 29.03.2015 Particulars Opening stock Purchase Purchase Purchase Issue Issue Issue Units 100 150 300 400 200 250 400 Rate (3) 10.75 10.50 10.60 10.70

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