Illustration 39 : (FIFO : Returns to Stores and Vendor) Sule
Prepare a stores ledger on FIFO method :
1-5-2015
Opening stock is 400 units at 4 per unit
4-5-2015
Purchased 600 units at 6 per unit
8-5-2015
Issued 800 units
16-5-2015
Purchased 600 units at 8 per unit
20-5-2015
Issued 700 units
25-5-2015
Returned from factory 10 units issued on 20 May
28-5-2015
Returned to vendors 12 units purchased on 16 May
Share
Answer:
FHghhc diffuse stuff Aussie suffix Suzi Fu submissions