Prepare a stores ledger account from the following transactions under the LIFO method. 1 10 20 4
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Prepare a stores ledger account from the following transactions under the LIFO method.
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1 10 20 4 21 March 16 April 12 May 10 25 Jan. Feb. Received 1,000 units @ Received 260 units @ Issued 700 units Received 400 units @ Received 300 units @ Issued 620 units Issued 240 units Received 500 units @ Issued 380 units Re. 1.00 per unit Rs. 1.05 per unit Rs. 1.15 per unit Rs. 1.25 per unit Rs. 1.10 per unit
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Date 1 January 1 10 20 February 4 21 March 16 April 12 May 10 25 Qty 2 1000 260 400 300 500 Receip...View the full answer
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