| Stores Ledger Account Under FIFO & LIFO Method | Cost accounting | Materials Costing | скачать в хорошем качестве

| Stores Ledger Account Under FIFO & LIFO Method | Cost accounting | Materials Costing |

| Stores Ledger Account Under FIFO & LIFO Method | Cost accounting | Materials Costing | The following transactions occur in the purchase and issue of a material: Jan. 2 Purchased 4,000 units @ Rs. 4.00 per unit 20 Purchased 500 @Rs. 5.00 " Feb. 5 Issued 2,000 10 Purchased 6,000 " @ Rs. 6-00 12 Issued 4,000 Mar. 2 Issued 1,000 5 Issued 2,000 " 15 Purchased 4,500 " @ Rs. 5.50 " " 20 Issued 3,000 From the above, prepare the Stores Ledger Account using (i) FIFO; and (ii) LIFO methods of pricing the issues. What would be the value of stock in hand at the end of the period according to each of the above two methods ? 28 Record the following transactions in a Stores Ledger under LIFO method: العاد 2002 Jan. Opening stock 200 pieces @ Rs. 2-00 each 2 Issues 150 5 Purchases @ Rs. 2-20 100 7 100 Issues 150 " @Rs. 2-40 10 Purchases 100 12 Issues. 20 Purchases- 180 @Rs. 2.50 28 Issues 200 [C.U., B.Com. (Pass)]