a t ltd furnishes the following store transactions for september 1992 556032

  1. A.T. Ltd. furnishes the following store transactions for September 1992

1 September 1993

Opening balance

25 units at Rs 162.50

4 September 1993

Issue register number 85

8 units

6 September 1993

Receipts from B&W GRN number 26

50 units at Rs 5.75

7 September 1993

Issue register number 97

12 units

10 September 1993

Returns to B&W

10 units

12 September 1993

Issues

15 units

13 September 1993

Issues

20 units

15 September 1993

Receipts from M&W

25 units at Rs 6.10

17 September 1993

Issues

10 units

19 September 1993

Received replacement from B&W

10 units

20 September 1993

Return from department material at M&W

5 units

22 September 1993

Transfer from job 182 to job 187 in the department MTR 6

5 units

26 September 1993

Issues

10 units

29 September 1993

Transfer from department A to department B

5 units

30 September 1993

Shortage in stocktaking

2 units

Write the priced stores ledger on FIFO method and discuss how you would treat the shortage in stocktaking

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