4. The stock of material held on 1-4-2018 was 400 units @ RO 50 per unit. The following receipts and issues were recorded. You are required to prepare the Stores Ledger Account, showing how the values of issues would be calculated under Base Stock Method, both through FIFO AND LIFO. 02-4-2018 Purchased 100 units @ RO 55 per unit 06-4-2018 Issued 400 units 10-4-2018 Purchased 600 units @ RO 55 per unit 13-4-2018 Issued 400 units 20-4-2018 Purchased 500 units @ RO 65 per unit. 25-4-2018 Issued 600 units

4. The stock of material held on 1-4-2018 was 400 units @ RO 50 per unit. The following receipts and issues were recorded. You are required to prepare the Stores Ledger Account, showing how the values of issues would be calculated under Base Stock Method, both through FIFO AND LIFO. 02-4-2018 Purchased 100 units @ RO 55 per unit 06-4-2018 Issued 400 units 10-4-2018 Purchased 600 units @ RO 55 per unit 13-4-2018 Issued 400 units 20-4-2018 Purchased 500 units @ RO 65 per unit. 25-4-2018 Issued 600 units

Name: 4. The stock of material held on 1-4-2018 was 400 units @ RO 50 per u
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Description: 4. The stock of material held on 1-4-2018 was 400 units @ RO 50 per unit. Thefollowing receipts and issues were recorded. You are required to prepare the StoresLedger Account, showing how the values of issues would be calculated under BaseStock Meth

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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