Question

from the following information prepare store ledger and find out value of closing stock as per FIFO method :

Date 2020 January:
1
2
6
8
12
14
26

Transactions:

balance
sales
purchase
sales
sales
purchase
sales

Units:
500
300
800
400
300
400
600

Rate per unit(rupees):
40
46.5
44
47.6
48.8
50
52.2

storage of 15 units was found on 31st January 2020​

Answer 1

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