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The following are the particulars of the receipts and issues of materials in a factory during March, Sep.: 90. 2021: March 1 Opening balance Issued
The following are the particulars of the receipts and issues of materials in a factory during March, Sep.: ₹90. 2021: March 1 Opening balance Issued 500 kg @ 25 per kg 8 13 250 kg Received from vendor 200 kg @ 24.50 per kg March 14 Return of surplus from a work order 15 kg @ 24.00 per kg 16 Issued 180 kg 20 Received from vendor Issued 240 kg @ 24.37 per kg 24 304 kg 25 Received from vendor 320 kg@24.31 per kg 26 Issued 112 kg 27 Return of surplus from a work order 12 kg @ 24.50 per kg 28 Received form vendor 100 kg @ 25.00 per kg 29 Return to vendor 50 kg The store verifier noted that on 15th March there was a shortage of 5 kg and on 27th March the another shortage of 8 kg. Write out the complete Store Ledger Account in respect of the above material using FIFO Method. Shortage in weight is to be considered as normal loss.
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