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18. Draw a stores ledger card recording the following transaction under "FIFO" method. 2009 July,...

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Accounting

18. Draw a stores ledger card recording the following transaction under "FIFO" method. 2009 July, 1 opening stock 2,000 units at 10 each. 2009 July 1 July 5 July 6 July 10 July 11 July 18 July 19 July 20 July 25 July26 Opening stock 2,000 units at '10 each Received 1,000 units at '11 each Issued 500 units Received back 50 units out of the issue made on 6th July Issued 600 units Returned to suppliers 100 units out of goods received on 5th July Received back 100 units out of the Issue made on 14th July Issued 150 units Received 500 units @ '14 each Issued 300 units According there was a shortage by 10 units on 18th July and 15 units on 26th July. to stock verification report it was found that RUPsh uPP

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