Prepare Stores Ledger Account showing pricing of material issues on Replacement Price basis, from the following particulars.
Opening Balance 400 units @ Rs.4 each.
|
10th March |
Received 100 units @ Rs.4.10 each. |
|
15th March |
Issued 300 units to job XY vide M.R. No. 1 |
|
17th March |
Received 200 units @ Rs.4.30 each. |
|
20th March |
Issued 250 units to job AB vide M.R. No. 2. |
|
25th March |
Received 400 units @ Rs.4.50 each. |
|
26th March |
Issued 200 units to job JK vide M.R. No. 3. |
|
27th March |
Received 100 units @ Rs.4.60 each. |
|
30th March |
Issued 300 units to job PQ vide M.R. N |
Replacement price on various dates: 15th March Rs.4.20; 20th March Rs.4.40; 26th March Rs.4.60 and 30th March Rs.4.80.