The following is the summary of the receipts and issues of materials in a factory during February:
|
1 February |
Opening stock |
500 kg |
Rs 25.00 |
|
3 |
issued |
70 kg |
|
|
4 |
issued |
100 kg |
|
|
8 |
issued |
80 kg |
|
|
13 |
Received from suppliers |
200 kg |
Rs 24.75 |
|
14 |
Refund of surplus a work order |
15 kg |
Rs 24.00 |
|
16 |
issued |
180 kg |
|
|
20 |
Received from suppliers |
240 kg |
Rs 24.75 |
|
24 |
issued |
304 kg |
|
|
25 |
Received from suppliers |
320 kg |
Rs 24.00 |
|
26 |
issued |
112 kg |
|
|
27 |
Refund of surplus a work order |
12 kg |
Rs 24.50 |
|
28 |
Received from suppliers |
100 kg |
Rs 25.00 |
Issues are to be priced on the principle of FIFO. The stock verifier of the factory noticed that on 15 February there was a shortage of 5 kg and on 27 February there was another shortage of 8 kg. Write the stores ledger account, recording the aforementioned transactions.