X company has purchased and issued materials as follows:
|
June 1. Stock of materials |
200 units at Rs. 2.50 per unit |
|
3. Purchased |
300 units at Rs. 3 per unit |
|
7. Purchased |
500 units at Rs. 4 per unit |
|
10. Issued |
600 units |
|
12. Purchased |
400 units at Rs. 4 per unit |
|
18. Issued |
500 units |
|
24. Purchased |
400 units at Rs. 5 per unit |
|
28. Issued |
200 units |
Prepare the stores ledger account under FIFO method and LIFO method.