The following information is extracted from the stores ledger:
January 1.
Opening balance 500 units at Rs. 4
Purchases 200 units at Rs. 4.25
Purchases 150 units at Rs. 4.10
Purchases 300 units at Rs. 4.50
Purchases 400 units at Rs. 4
Issue of materials were as follows:
January 4.
200 units
400 units
100 units
100 units
200 units
250 units
Issue are to be priced on the principle of FIFO method. Write up the stores ledger account.
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