Prepare a store ledger account assuming that issues are priced on the principle of HIFO:
|
1 December |
Received |
1,000 units at Rs 20 per unit |
|
10 |
Received |
500 units at Rs 22 per unit |
|
11 |
Received |
200 units at Rs 21 per unit |
|
15 |
Issued |
500 units |
|
20 |
Issued |
150 units |
|
22 |
Received |
700 units at Rs 23 per unit |
|
24 |
Received |
300 units at Rs 19 per unit |
|
28 |
Issued |
500 units |
|
30 |
Received |
200 units at Rs 18 per unit |
|
31 |
Issued |
300 units |