The following is a summary of the receipts and issues of materials in a factory during a month:

Date

 

1

Opening balance 500 units at Rs.25 per unit.

3

Issue 70 units

4

Issue 100 units

8

Issue 80 units

13

Received 200 units @ Rs.24.50 per unit.

14

Returned to store 15 units @ Rs.24 per unit

16

Issue 180 units

20

Received 240 units @ Rs.24.75 per unit

24

Issue 304 units

25

Received 320 units @ Rs.24.50 per unit

26

Issue 112 units

27

Returned to store 12 units @ Rs.24.50 per unit

28

Received 100 units at Rs.25 per unit.

Work out on the basis of „FIFO?. It was revealed that on 15th there was a shortage of 5 units and on 27th of 8 units.