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The following are the transactions held during the month of January, 2022 of material No. 255 of Alish Manufacturing Company. January 1 Balance on
The following are the transactions held during the month of January, 2022 of material No. 255 of Alish Manufacturing Company. January 1 Balance on hand 1,000 units @ Rs. 4.50 per Unit. January 5 Purchased 2000 Units @ Rs. 4.00 per Unit. January 8 Issued 800 Units January 15 Issued 1200 Units January 19 January 22 January 24 January 28 January 29 Purchased 1500 Units @ Rs. 4.20 per unit. Issued 1,000 Units. Purchased 1600 Units @ Rs. 4.50 per unit. Issued 1200 Units. 100 Units were returned from the factory to the store room. January 31 Requirements: a) Prepare Store Ledger Card under FIFO method, LIFO method and Average Cost Method. Purchased 500 Units @ Rs. 4.60 per Unit.
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