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: The following transactions occur in the purchase and sale of a material. Jan 2 Purchased 4,000 units @RO 4.00 per unit Jan 20 Purchased
: The following transactions occur in the purchase and sale of a material. Jan 2 Purchased 4,000 units @RO 4.00 per unit Jan 20 Purchased 5.00 units @RO 5.00 per unit Feb 5 Sale 2,000 units Feb 10 Purchased 6,000 units @RO 6.00 per unit Feb 12 Sold 4,000 units Mar 2 Sold 1,000 units Mar 5 Sold 2.000 units Mar 15 Purchased 4.500 units @RO 5.50 per unit Mar 20 Sold 3,000 units. Prepare the stores ledger account, using FIFO method and LIFO method
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