Question: From the following you are required to prepare a statement showing the issues made under LIFO method: Date Opening Balance 100 units at Rs.10 each

From the following you are required to prepare a statement showing the issues made under LIFO method: Date Opening Balance 100 units at Rs.10 each 1 Received 200 units at Rs. 10.50 each 2 Received 300 units at Rs. 10.60 each 4 Issued 400 units to Job A vide MR No. 32 6 Issued 120 units to Job B vide MR No. 42 7 Received 400 units at Rs. 11 each 10 Issued 200 units to Job C vide MR No. 52 12 Received 300 units at Rs. 11.40 each 13 Received 200 units at Rs. 11.50 each 15 Issued 400 units to Job D vide MR No. 62 [10 Marks]

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