16. From the following you are required to prepare a statement showing the issues made under...

 

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16. From the following you are required to prepare a statement showing the issues made under LIFO method: Date - 1 NHI 1 2 4 6 7 10 12 13 15 Opening Balance 100 units at Rs. 10 each Received 200 units at Rs. 10.50 each. Received 300 units at Rs. 10.60 each Issued 400 units to Job A Issued 120 units to Job B Received 400 units at Rs. 11 each Issued 200 units to Job C Received 300 units at Rs. 11.40 each Received 200 units at Rs. 11.50 each Issued 400 units to Job D 16. From the following you are required to prepare a statement showing the issues made under LIFO method: Date - 1 NHI 1 2 4 6 7 10 12 13 15 Opening Balance 100 units at Rs. 10 each Received 200 units at Rs. 10.50 each. Received 300 units at Rs. 10.60 each Issued 400 units to Job A Issued 120 units to Job B Received 400 units at Rs. 11 each Issued 200 units to Job C Received 300 units at Rs. 11.40 each Received 200 units at Rs. 11.50 each Issued 400 units to Job D

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Date 1st 2nd 7th PO No Receipts Qty STORES LEDGER ACCOUNT Rate Amount ... View the full answer