From the following information prepare a stores ledger account assuming 100 units as base stock following the
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From the following information prepare a stores ledger account assuming 100 units as base stock following the FIFO method:
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Rate January 1, 2007 January 10 January 15 January 20 January 25 January 27 January 31 Received 500 units Received 300 units Issued 700 units Received 400 units Issued 300 units Received 500 units Issued 200 units Rate per unit (Rs.) 20 24 28 22
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Date 2007 Jan 1 Jan 10 Jan 15 Jan 20 Jan 25 Jan 27 2007 Jan 31 Qty 500 300 400 500 Sto...View the full answer
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