From the following you are required to prepare a statement showing the issues made under LIFO method:
|
Date |
Opening Balance 100 units at 10 each |
|
1 |
Received 200 units at Rs.10.50 each |
|
2 |
Received 300 units at Rs.10.60 each |
|
4 |
Issued 400 units to Job A vide MR No. 3 |
|
6 |
Issued 120 units to Job B vide MR No. 4 |
|
7 |
Received 400 units at Rs.11 each |
|
10 |
Issued 200 units to Job C vide MR No. 5 |
|
12 |
Received 300 units at Rs.11.40 each |
|
13 |
Received 200 units at Rs.11.50 each |
|
15 |
Issued 400 units to Job D vide MR No. 6 |