The following information is extracted from the stores ledger:
|
1 January |
Opening balance |
500 units at Rs 4 each |
|
5 |
Purchases |
200 units at Rs 4.25 each |
|
12 |
Purchases |
150 units at Rs 4.10 each |
|
20 |
Purchases |
300 units at Rs 4.50 each |
|
25 |
Purchases |
400 units at Rs 4.00 each |
|
Issues of materials were as follows: |
||
|
4 January |
200 units |
|
|
10 |
400 units |
|
|
15 |
100 units |
|
|
19 |
100 units |
|
|
26 |
200 units |
|
|
30 |
250 units |
|
Issues are to be priced on the principle of FIFO. Write the stores ledger account.