The following were the receipts and issues of a material during March:
|
1 March |
Opening balance is 1,000 units at Rs 50 per unit |
|
3 |
Issued 140 units |
|
4 |
Issued 200 units |
|
8 |
Issued 160 units |
|
13 |
Received from vendor 400 units at Rs 48 per unit |
|
14 |
Refund of surplus from a work order, 30 units at Rs 48 per unit |
|
16 |
Issued 360 units |
|
20 |
Received from vendor 480 units at Rs 52 per unit |
|
24 |
Issued 608 units |
|
25 |
Received from vendor 640 units at Rs 50 per unit |
|
26 |
Issued 524 units |
|
28 |
Refund of surplus from a work order, 24 units (issued on 3 March) |
|
31 |
Received from vendor 200 units at Rs 54 per unit |
From the aforementioned details, write the stores ledger account on simple average basis following the FIFO method.