Prepare a store ledger account from the following information adopting the FIFO method of pricing of issues of materials:
1 March
Opening balance
500 tonne at Rs 200
3
Issued
70 tonne
4
Issued
100 tonne
8
Issued
80 tonne
13
Received from supplier
200 tonne at Rs 190
14
Returned from department A
15 tonne
16
Issued
180 tonne
20
Received from supplier
240 tonne at Rs 195
24
Issued
300 tonne
25
Received from supplier
320 tonne at Rs 200
26
Issued
115 tonne
27
Returned from department B
35 tonne
28
Received from supplier
100 tonne at Rs 200
Hint: Returns from departments on 14 and 27 March are to be assumed out of the immediate preceding issue since no details are given.