Prepare a stores ledger account from the following transactions assuming that the issue of stores has been priced on the LIFO principle:
|
January |
1 |
Received 1,000 units at Rs 20 per unit |
|
January |
10 |
Received 260 units at Rs 21 per unit |
|
January |
20 |
Issued 700 units |
|
February |
4 |
Received 400 units at Rs 23 per unit |
|
February |
21 |
Received 300 units at Rs 25 per unit |
|
March |
16 |
Issued 620 units |
|
April |
12 |
Issued 240 units |
|
May |
10 |
Received 500 units at Rs 22 per unit |
|
May |
25 |
Issued 380 units |