The following information is extracted from the stores ledger:
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Purchases: |
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January |
100 units at Rs. 1 per unit |
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100 units at Rs. 2 per unit |
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Issues: |
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January |
60 units for Job W16 |
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60 units for Job W17 |
Complete the receipts and issues by adopting the (1) FIFO (2) LIFO and (3) weighted average methods.