The following information is extracted from the stores ledger:
|
1 September |
Opening balance |
500 units at Rs 10 |
|
6 |
Purchases |
100 units at Rs 11 |
|
20 |
Purchases |
700 units at Rs 12 |
|
27 |
Purchases |
400 units at Rs 13 |
|
13 October |
Purchases |
1,000 units at Rs 14 |
|
20 |
Purchases |
500 units at Rs 15 |
|
17 November |
Purchases |
400 units at Rs 16 |
|
Issues of materials: |
||
|
9 September |
500 units |
|
|
22 |
500 units |
|
|
30 |
500 units |
|
|
15 October |
500 units |
|
|
22 |
500 units |
|
|
11 November |
500 units |
Issues are to be priced on the principle of FIFO. Write the stores ledger account.