The following is an extract of the record of receipt and issues of sulphur in a chemical factory during February:
1 Opening balance 500 tons @ Rs.200
3 Issued 70 tons
4 Issued 100 tons
8 Issued 80 tons
13 Received from supplier 200 tons @ Rs.190
14 Returned from Deptt. 15 tons
16 Issued 180 tons
20 Received from supplier 240 tons @ Rs.190
24 Issued 300 tons
25 Received from supplier 320 tons @ Rs.190
26 Issued 115 tons
27 Returned from Deptt. 35 tons
28 Received from supplier 100 tons @ Rs.190
Issues are to be priced on the principle of „First in First out?. The stock verifiers of the factory had found a shortage of 10 tons on the 22nd and left a note accordingly. Draw up a priced stores ledger card for the material showing the above transactions.