- A.T. Ltd. furnishes the following store transactions for September 1992
|
1 September 1993 |
Opening balance |
25 units at Rs 162.50 |
|
4 September 1993 |
Issue register number 85 |
8 units |
|
6 September 1993 |
Receipts from B&W GRN number 26 |
50 units at Rs 5.75 |
|
7 September 1993 |
Issue register number 97 |
12 units |
|
10 September 1993 |
Returns to B&W |
10 units |
|
12 September 1993 |
Issues |
15 units |
|
13 September 1993 |
Issues |
20 units |
|
15 September 1993 |
Receipts from M&W |
25 units at Rs 6.10 |
|
17 September 1993 |
Issues |
10 units |
|
19 September 1993 |
Received replacement from B&W |
10 units |
|
20 September 1993 |
Return from department material at M&W |
5 units |
|
22 September 1993 |
Transfer from job 182 to job 187 in the department MTR 6 |
5 units |
|
26 September 1993 |
Issues |
10 units |
|
29 September 1993 |
Transfer from department A to department B |
5 units |
|
30 September 1993 |
Shortage in stocktaking |
2 units |
Write the priced stores ledger on FIFO method and discuss how you would treat the shortage in stocktaking