from the following particulars write the stores ledger card 558875

From the following particulars, write the stores ledger card:

1 January

Opening stock is 1,000 units at Rs 26.00 each

5

Purchased 500 units at Rs 24.50 each

7

Issued 750 units

10

Purchased 1,500 units at Rs 24.00 each

12

Issued 1,100 units

15

Purchased 1,000 units at Rs 25.00 each

17

Issued 500 units

18

Issued 300 units

25

Purchased 1,500 units at Rs 26.00 each

29

Issued 1,500 units

Adopt the FIFO method of issue and ascertain the value of closing stock.

Submit a Comment