Prepare a store ledger account and enter the following transactions adopting the simple average method of pricing issues:
|
1985 |
||
|
1 February |
Opening balance |
50 units at Rs 3 per unit |
|
5 |
Issued |
20 units |
|
7 |
Purchased |
40 units at Rs 4 per unit |
|
9 |
Issued |
25 units |
|
19 |
Purchased |
75 units at Rs 5 per unit |
|
20 |
Issued |
15 units |
|
21 |
Received back |
10 units out of the 9 February issue |
|
26 |
Issued |
60 units |