The following is the record of receipts and issues of a certain material for the month of December:
|
December 3. |
Opening balance 200 kg at Rs. 20 per kg |
|
Issue 100 kg |
|
|
Issue 50 kg |
|
|
Purchases 300 kg at Rs. 18 per kg |
|
|
Issue 300 kg |
|
|
Purchases 50 kg at Rs. 15 per kg |
|
|
Issue 100 kg |
|
|
Received back from completed job 5 kg |
|
|
(previously issued at Rs. 20 per kg) |
Prepare a stores ledger account based on FIFO Method.