the following information is extracted from the stores ledger 558871

The following information is extracted from the stores ledger:

1 January

Opening balance

500 units at Rs 4 each

5

Purchases

200 units at Rs 4.25 each

12

Purchases

150 units at Rs 4.10 each

20

Purchases

300 units at Rs 4.50 each

25

Purchases

400 units at Rs 4.00 each

Issues of materials were as follows:

4 January

200 units

10

400 units

15

100 units

19

100 units

26

200 units

30

250 units

Issues are to be priced on the principle of FIFO. Write the stores ledger account.

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