The Receipt; side of the stores ledger account shows the following particulars:
|
1 January |
Opening balance of 500 units at Rs 4 per unit |
|
5 January |
Received 200 units at Rs 4.25 per unit |
|
12 January |
Received 150 units at Rs 4.10 per unit |
|
20 January |
Received 300 units at Rs 4.50 per unit |
|
25 January |
Received 400 units at Rs 4.00 per unit |
Issues of the materials are as follows:
|
4 January |
Issued 200 units |
|
10 January |
Issued 400 units |
|
15 January |
Issued 100 units |
|
19 January |
Issued 100 units |
|
26 January |
Issued 200 units |
|
30 January |
Issued 250 units |
Write the stores ledger account pricing the issues on the principle of FIFO and LIFO.