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Example

Date

Received

(units)

Issues (units)

@ Rs. Per unit

Jan 01

1000

10

Jan 10

260

10.50

Jan 20

700

Feb 04

400

11.50

Feb 21

300

12.50

March 16

620

April 12

240

 

11

May 10

500

May 25

380

FIFO

 

Receipts

Issues

Balance

Date

Units Rate

Value

Unit

Rate

Value

Unit

Value

Jan 01

1000 10

10000

1000

10000

Jan 10

260

10.50

2730

1260

12730

Jan 20

700

10

7000

560

5730

Feb 04

400

11.50

4600

960

10330

Feb 21

300

12.50

3750

1260

14080

Mar 16

300

10

3000

640

7660

260

10.50

2730

60

11.50

690

Apr 12

240

11.50

2760

400

4900

May 10

500

11

5500

900

10400

May 25

100

11.50

1150

520

5750

280

12.50

3500

LIFO

 

Receipts

Issues

Balance

Date

Units Rate

Value

Unit

Rate

Value

Unit

Value

Jan 01

1000 10

10000

1000

10000

Jan 10

260

10.50

2730

1260

12730

Jan 20

260

10.50

2730

560

5600

440

10

4400

Feb 04

400

11.50

4600

960

10200

Feb 21

300

12.50

3750

1260

13950

Mar 16

300

12.50

3750

640

6520

320

11.50

3680

Apr 12

80

11.50

920

400

4000

160

10

1600

May 10

500

11

5500

900

9500

May 25

380

11

4180

520

5320