adopt base stock method with lifo base stock is 200 units of january 1 purchase 617145
From the following particulars write up the stores ledger card:
|
January |
1. Purchased |
500 units at Rs. 2 per unit |
|
10. Purchased |
300 units at Rs. 2.10 per unit |
|
|
13. Issued |
500 units |
|
|
20. Purchased |
400 units at Rs. 2.20 per unit |
|
|
25. Issued |
300 units |
|
|
27. Purchased |
500 units at Rs. 2.10 per unit |
|
|
31. Issued |
200 units |
Adopt base stock method with LIFO. Base stock is 200 units of January 1 purchase.