The following particulars relate to the receipts and issues of a material during the month of March:
|
March 4. |
Received |
500 units at Rs. 2.00 each |
|
Received |
350 units at Rs. 2.10 each |
|
|
Issued |
600 units |
|
|
Received |
600 units at Rs. 2.20 each |
|
|
Issued |
450 units |
|
|
Received |
500 units @ Rs. 2.30 each |
|
|
Issued |
510 units |
|
|
Issued |
100 units |
Prepare stores ledger account using (a) LIFO and (b) weighted average method.