- In the beginning of March 2000, Ram and company had in stock 10,000 brushes valued at Rs 10 each. Further purchases were made during the month as follows:
|
7 March |
4,000 brushes at Rs 12.50 |
|
14 March |
6,000 brushes at Rs 15.00 |
|
24 March |
8,000 brushes at Rs 16.50 |
Issues to the shop were as follows:
|
16 March |
16,000 brushes |
|
28 March |
10,000 brushes |
You are required to prepare a stores ledger card for the month of March 2000 on the assumption that materials were issued on the FIFO principle.