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