X Ltd has purchased and issued the material on the following order: Jan 1. purchased 300 untis
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Question:
1. purchased 300 untis at Rs. 3 per unit
4. purchased 600 units at Rs. 4 per unit
6. Issued 500 units
10. Purchased 700 units at Rs. 4 per unit 15. Issued 800 units
20. Purchased 300 units at Rs. 5 per unit
23. Issued 100 units.
Prepare store Ledger Account. Ascertain the closing stock value under
(a) Average cost
(b) FIFO and
(c) LIFO method
Related Book For
Elementary Statistics Picturing the World
ISBN: 978-0134683416
7th edition
Authors: Ron Larson, Betsy Farber
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