The following are the transactions held during the month of January, 2022 of material No. 255...

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The following are the transactions held during the month of January, 2022 of material No. 255 of Alish Manufacturing Company. January 1 Balance on hand 1,000 units @ Rs. 4.50 per Unit. January 5 Purchased 2000 Units @ Rs. 4.00 per Unit. January 8 Issued 800 Units January 15 Issued 1200 Units January 19 January 22 January 24 January 28 January 29 Purchased 1500 Units @ Rs. 4.20 per unit. Issued 1,000 Units. Purchased 1600 Units @ Rs. 4.50 per unit. Issued 1200 Units. 100 Units were returned from the factory to the store room. January 31 Requirements: a) Prepare Store Ledger Card under FIFO method, LIFO method and Average Cost Method. Purchased 500 Units @ Rs. 4.60 per Unit. The following are the transactions held during the month of January, 2022 of material No. 255 of Alish Manufacturing Company. January 1 Balance on hand 1,000 units @ Rs. 4.50 per Unit. January 5 Purchased 2000 Units @ Rs. 4.00 per Unit. January 8 Issued 800 Units January 15 Issued 1200 Units January 19 January 22 January 24 January 28 January 29 Purchased 1500 Units @ Rs. 4.20 per unit. Issued 1,000 Units. Purchased 1600 Units @ Rs. 4.50 per unit. Issued 1200 Units. 100 Units were returned from the factory to the store room. January 31 Requirements: a) Prepare Store Ledger Card under FIFO method, LIFO method and Average Cost Method. Purchased 500 Units @ Rs. 4.60 per Unit.

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The Store Ledger Card for material No 255 of Alish Manufacturing Company for the month of January 2022 using the FIFO LIFO and Average Cost methods FI... View the full answer