Question: From the particulars given below write up the stores Ledger card: January-1 Opening stock 1,000 units @ Tk.26 5 Purchased 500 units @ Tk.24.50

From the particulars given below write up the stores Ledger card: January-1 

From the particulars given below write up the stores Ledger card: January-1 Opening stock 1,000 units @ Tk.26 5 Purchased 500 units @ Tk.24.50 7 Issued 750 units 10 Purchased 1,500 units @ Tk.24 12 Issued 1,100 units 15 Purchased 1,000 units @ Tk.25 17 Issued 500 units 18 Issued 300 units 25 Purchased 1,500 units @Tk.26 29 Issued 1,500 units Adopt the FIFO method of issue and ascertain the value of the closing stock. ** 33 ** 11 39 #

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SOLUTION The stores ledger card can be written as follows Jan1 Opening stock of 1000 units Tk26 per ... View full answer

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