27

STORE LEDGER
FIFO
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Jan OPENING STOCK 1000 20 20000
10-Feb PURCHASE 500 25 12500 1000 20 20000
500 25 12500
13-Mar PURCHASE 400 22 8800 1000 20 20000
500 25 12500
400 22 8800
20-Mar SALES 1000 20 20000 300 25 7500
200 25 5000 400 22 8800
6-Apr SALES 300 25 7500 200 22 4400
200 22 4400
12-May PURCHASE 400 25 10000 200 22 4400
400 25 10000
10-Jun SALES 200 22 4400
300 25 7500 100 25 2500
31,300.00 48,800.00
 28
STORE LEDGER
FIFO
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Sep PURCHASE 1200 20 24000 1200 20 24000
10-Sep PURCHASE 400 24 9600 1200 20 24000
400 24 9600
12-Sep ISSUE 400 20 8000 800 20 16000
400 24 9600
14-Sep PURCHASE 600 30 18000 800 20 16000
400 24 9600
600 30 18000
16-Sep ISSUE 800 20 16000 400 24 9600
600 30 18000
400 24 9600
20-Sep PURCHASE 600 40 24000 600 30 18000
600 40 24000
25-Sep ISSUE 400 24 9600 300 30 9000
300 30 9000 600 40 24000
51,600 42,600 900 33,000

STORE LEDGER
LIFO
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Sep PURCHASE 1200 20 24000 1200 20 24000
10-Sep PURCHASE 400 24 9600 1200 20 24000
400 24 9600
12-Sep ISSUE 400 24 9600 1200 20 24000
14-Sep PURCHASE 600 30 18000 1200 20 24000
600 30 18000
 16-Sep ISSUE 600 30 18000 1000 20 20000
200 20 4000
20-Sep PURCHASE 600 40 24000 1000 20 20000
600 40 24000
25-Sep ISSUE 600 40 24000 900 20 18000
100 20 2000
51,600 57,600 900 18,000

STORE LEDGER
Weighted Avg
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Sep PURCHASE 1200 20 24000 1200 20 24000
10-Sep PURCHASE 400 24 9600 1600 21 33600
12-Sep ISSUE 400 21 8400 1200 21 25200
14-Sep PURCHASE 600 30 18000 1800 24 43200
16-Sep ISSUE 800 24 19200 1000 24 24000
20-Sep PURCHASE 600 40 24000 1600 30 48000
25-Sep ISSUE 700 30 21000 900 30 27000
51,600 48,600 900 27,000
 28
STORE LEDGER

DATE PARTICULARS RECEIPTS ISSUE BALANCE

QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
2-Jan PURCHASE 800 62 49600 800 62 49600
26-Feb PURCHASE 1200 57 68400 800 62 49600
1200 57 68400
13-Apr PURCHASE 2500 59 147500 800 62 49600
1200 57 68400
2500 59 147500
3000 56 168000 800 62 49600
10-Jul PURCHASE 1200 57 68400
2500 59 147500
3000 56 168000
18-Sep PURCHASE 1500 60 90000 800 62 49600
1200 57 68400
2500 59 147500
3000 56 168000
1500 60 90000
29-Nov PURCHASE 1000 65 65000 1200 57 68400
2500 59 147500
3000 56 168000
1500 60 90000
1000 65 65000
9,200 59 538,900

CLOSING STOCK COGS

Qty Rate Amount Qty Amount
FIFO 1000 65 65000 Total Purchase 9,200 538,900
300 60 18000 Less: Closing Stock -1300 -83000
1300 83000 COGS 7900 455900
 LIFO 1200 57 68400 Total Purchase 9,200 538,900
100 59 5900 Less: Closing Stock -1300 -74300
1300 74300 COGS 7900 464600

W.Avg. 1300 59 76700 Total Purchase 9,200 538,900

Less: Closing Stock -1300 -76700
COGS 7900 462200
 30
STORE LEDGER
FIFO
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Jan OPENING STOCK 1500 20 30000
10-Feb PURCHASE 750 25 18750 1500 20 30000
750 25 18750
15-Mar PURCHASE 600 22 13200 1500 20 30000
750 25 18750
600 22 13200
15-Mar SALES 1500 20 30000 450 25 11250
300 25 7500 600 22 13200
10-Apr SALES 450 25 11250
300 22 6600 300 22 6600
15-May PURCHASE 600 25 15000 300 22 6600
600 25 15000
10-Jun SALES 300 22 6600
450 25 11250 150 25 3750
46,950.00 73,200.00
 31
STORE LEDGER

DATE PARTICULARS RECEIPTS ISSUE BALANCE

QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Jan OP BAL 100 3 300
31-Jan PURCHASE 120 4 480 100 3 300
120 4 480
28-Feb PURCHASE 110 5 550 100 3 300
120 4 480
110 5 550
31-Mar PURCHASE 140 6 840 100 3 300
120 4 480
110 5 550
140 6 840
470 2,170

CLOSING STOCK COGS

Qty Rate Amount Qty Amount

FIFO 70 6 420 Opening Stock 100 300

Add: Purchases 370 1,870
Less: Closing Stock (70) (420)
COGS 400 1,750

LIFO 70 3 210 Opening Stock 100 300

Add: Purchases 370 1,870
Less: Closing Stock (70) (210)
COGS 400 1,960
 32
STORE LEDGER

DATE PARTICULARS RECEIPTS ISSUE BALANCE

QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Mar OPENING STOCK 400 7.5 3000
3-Mar ISSUE 300 7.5 2250 100 7.5 750
5-Mar PURCHASE 600 8 4800 100 7.5 750
600 8 4800
10-Mar ISSUE 100 7.5 750
500 8 4000 100 8 800
15-Mar PURCHASE 500 9 4500 100 7.5 750
100 8 800
500 9 4500
17-Mar ISSUE 400 9 3600 100 7.5 750
100 8 800
100 9 900
100 7.5 750
25-Mar PURCHASE 400 8.5 3400 100 8 800
100 9 900
400 8.5 3400
26-Mar ISSUE 400 8.5 3400 100 7.5 750
100 9 900 100 8 800
100 7.5 750
30-Mar PURCHASE 300 9.5 2850 100 8 800
300 9.5 2850
31-Mar ISSUE 200 9.5 1900 100 7.5 750
0 100 8 800
100 9.5 950 2500
15,550.00 16,050.00
 33
STORE LEDGER
FIFO
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Jan PURCHASE 600 20 12000 600 20 12000
1-Feb PURCHASE 200 24 4800 600 20 12000
200 24 4800
15-Feb ISSUE 200 20 4000 400 20 8000
1-Apr PURCHASE 300 30 9000 200 24 4800
300 30 9000
15-Apr ISSUE 400 20 8000 200 24 4800
300 30 9000
1-Jun PURCHASE 300 40 12000 200 24 4800
300 30 9000
300 40 12000
15-Jun 200 24 4800 150 30 4500
150 30 4500 300 40 12000 16500
21300
Qty Rate Amount
Sales 200 30 6000
400 40 16000 Profit Sales 39500
350 50 17500 (-) COGS 21300
39500 18200
 STORE LEDGER
LIFO
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Jan PURCHASE 600 20 12000 600 20 12000
1-Feb PURCHASE 200 24 4800 600 20 12000
200 24 4800
15-Feb ISSUE 200 24 4800 600 20 12000
1-Apr PURCHASE 300 30 9000 600 20 12000
300 30 9000
15-Apr ISSUE 300 30 9000 500 20 10000
100 20 2000
1-Jun PURCHASE 300 40 12000 500 20 10000
300 40 12000
15-Jun 300 40 12000
50 20 1000 450 20 9000
28800

Profit Sales 39500

(-) COGS 28800
10700
 STORE LEDGER
Weighted Avg
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Jan PURCHASE 600 20 12000 600 20 12000
1-Feb PURCHASE 200 24 4800 800 21 16800
15-Feb ISSUE 200 21 4200 600 21 12600
1-Apr PURCHASE 300 30 9000 900 24 21600
15-Apr ISSUE 400 24 9600 500 24 12000
1-Jun PURCHASE 300 40 12000 800 30 24000
15-Jun 350 30 10500 450 30 13500
24300

Profit Sales 39500

(-) COGS 24300
15200
 34
STORE LEDGER
LIFO
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Oct OPENING STOCK 200 20 4000
7-Oct PURCHASE 400 22 8800 200 20 4000
400 22 8800
18-Oct PURCHASE 400 24 9600 200 20 4000
400 22 8800
400 24 9600
20-Oct PURCHASE 200 26 5200 200 20 4000
400 22 8800
400 24 9600
200 26 5200
29-Oct PURCHASE 400 30 12000 200 20 4000
400 22 8800
400 24 9600
200 26 5200
400 30 12000
400 30 12000 200 20 4000
200 26 5200 400 22 8800
400 24 9600 22400
 STORE LEDGER
FIFO
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Oct OPENING STOCK 200 20 4000
7-Oct PURCHASE 400 22 8800 200 20 4000
400 22 8800
18-Oct PURCHASE 400 24 9600 200 20 4000
400 22 8800
400 24 9600
20-Oct PURCHASE 200 26 5200 200 20 4000
400 22 8800
400 24 9600
200 26 5200
29-Oct PURCHASE 400 30 12000 200 20 4000
400 22 8800
400 24 9600
200 26 5200
400 30 12000
200 20 4000 400 24 9600
400 22 8800 200 26 5200
400 30 12000 26800
 STORE LEDGER
Weighted Avg
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Oct OPENING STOCK 200 20 4000
7-Oct PURCHASE 400 22 8800 600 21.33333 12800
18-Oct PURCHASE 400 24 9600 1000 22.4 22400
20-Oct PURCHASE 200 26 5200 1200 23 27600
29-Oct PURCHASE 400 30 12000 1600 24.75 39600
600 24.75 14850 1000 24.75 24750 24750
 35
STORE LEDGER
FIFO
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Mar OPENING STOCK 500 9 4500
2-Mar issue 400 9 3600 100 9 900
3-Mar PURCHASE 500 11 5500 100 9 900
500 11 5500
9-Mar Issue 100 9 900 100 11 1100
400 11 4400
10-Mar purchase 1000 12 12000 100 11 1100
1000 12 12000
16-Mar issue 100 11 1100 200 12 2400
800 12 9600
18-Mar purchase 600 10 6000 200 12 2400
600 10 6000
23-Mar issue 200 12 2400 300 10 3000
300 10 3000
24-Mar Purchase 500 12 6000 300 10 3000
500 12 6000
30-Mar Purchase 400 13 5200 300 10 3000
500 12 6000
400 13 5200
31-Mar Issue 300 10 3000 200 12 2400
300 12 3600 400 13 5200
600 7600 7600
31600
 STORE LEDGER
LIFO
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Mar OPENING STOCK 500 9 4500
2-Mar issue 400 9 3600 100 9 900
3-Mar PURCHASE 500 11 5500 100 9 900
500 11 5500
9-Mar Issue 500 11 5500 100 9 900
10-Mar purchase 1000 12 12000 100 9 900
1000 12 12000
16-Mar issue 900 12 10800 100 9 900
100 12 1200
18-Mar purchase 600 10 6000 100 9 900
100 12 1200
600 10 6000
23-Mar issue 500 10 5000 100 9 900
100 12 1200
100 10 1000

24-Mar Purchase 500 12 6000 100 9 900

100 12 1200
100 10 1000
500 12 6000
30-Mar Purchase 400 13 5200 100 9 900
100 12 1200
100 10 1000
500 12 6000
400 13 5200
31-Mar Issue 400 13 5200 100 9 900
200 12 2400 100 12 1200
100 10 1000
300 12 3600 6700
32500

STORE LEDGER
WAM
DATE PARTICULARS RECEIPTS ISSUE BALANCE Avg Price
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
 1-Mar OPENING STOCK 500 9 4500
2-Mar issue 400 9 3600 100 9 900
3-Mar PURCHASE 500 11 5500 100 9 900
500 11 5500 10.67
9-Mar Issue 500 10.67 5333.33 100 10.67 1066.667
10-Mar purchase 1000 12 12000 100 10.67 1066.667
1000 12 12000 11.88
16-Mar issue 900 11.88 10690.909 100 11.88 1187.879
100 11.88 1187.879
18-Mar purchase 600 10 6000 100 11.87879 1187.879
100 11.87879 1187.879
600 10 6000 10.47
23-Mar issue 500 10.47 5234.8485 100 10.47 1046.97
100 10.47 1047
100 10.47 1047

24-Mar Purchase 500 12 6000 100 10.47 1046.97

100 10.47 1047
100 10.47 1047
500 12 6000 11.43
30-Mar Purchase 400 13 5200 100 11.43 1142.621
100 11.43 1142.621
100 11.43 1142.621
500 11.43 5713.106
400 13 5200 11.95
31-Mar Issue 600 11.95 7170 600 11.95 7170.485

7170.485
cogs 32029.091
 31
STORE LEDGER

DATE PARTICULARS RECEIPTS ISSUE BALANCE

QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Mar OP BAL 500 8 4000
7-Mar PURCHASE 7500 10 75000 500 8 4000
7500 10 75000
12-Mar PURCHASE 8500 12 102000 500 8 4000
7500 10 75000
8500 12 102000
21-Mar PURCHASE 9000 15 135000 500 8 4000
7500 10 75000
8500 12 102000
9000 15 135000
28-Mar PURCHASE 12000 11 132000 500 8 4000
7500 10 75000
8500 12 102000
9000 15 135000
12000 11 132000
37,000 444,000 37,500 448,000
Sales (34,000 units @ Rs. 15) 510,000

CLOSING STOCK COGS PROFIT

Qty Rate Amount Qty Amount

FIFO 3500 11 38500 Opening Stock 500 4,000

Add: Purchases 37,000 444,000
Less: Closing Stock (3,500) (38,500)
COGS 34,000 409,500 100,500

LIFO 500 8 4000 Opening Stock 500 4,000

3000 10 30000 Add: Purchases 37,000 444,000
 3500 34000 Less: Closing Stock (3,500) (34,000)
COGS 34,000 414,000 96,000

W.Avg 3500 11.95 41825 Opening Stock 500 4,000

Add: Purchases 37,000 444,000
Less: Closing Stock (3,500) (41,825)
COGS 34,000 406,175 103,825
 37
STORE LEDGER

DATE PARTICULARS RECEIPTS ISSUE BALANCE

QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
31-Dec OP BAL 200 6 1200
16-Jan PURCHASE 240 8 1920 200 6 1200
240 8 1920
3-Feb PURCHASE 220 10 2200 200 6 1200
240 8 1920
220 10 2200
21-Feb PURCHASE 280 12 3360 200 6 1200
240 8 1920
220 10 2200
280 12 3360
740 7,480 940 8,680

Sales (800 units @ Rs. 16) 12,800

CLOSING STOCK COGS PROFIT

Qty Rate Amount Qty Amount

LIFO 140 6 840 Opening Stock 200 1,200

Add: Purchases 740 7,480
Less: Closing Stock (140) (840)
COGS 800 7,840 4,960
 38
STORE LEDGER
FIFO
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Jan OPENING STOCK 0 0 0
1-Jan PURCHASE 100 30 3000
15-Jan issue 50 20 1000 50 30 1500
1-Feb PURCHASE 200 40 8000 50 30 1500
200 40 8000
15-Feb Issue 50 30 1500 150 40 6000
50 40 2000
150 6000

Gross Profit = Sales - COGS Net Profit = Gross Profit - Rent

= 12000 - 4500 7500 - 2000
= 7500 5500
STORE LEDGER
LIFO
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Jan OPENING STOCK 0 0 0
1-Jan PURCHASE 100 30 3000
15-Jan issue 50 20 1000 50 30 1500
1-Feb PURCHASE 200 40 8000 50 30 1500
200 40 8000
15-Feb Issue 100 40 4000 50 30 1500
100 40 4000
150 5500

STORE LEDGER
W.Avg
DATE PARTICULARS RECEIPTS ISSUE BALANCE
 QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Jan OPENING STOCK 0 0 0
1-Jan PURCHASE 100 30 3000
15-Jan issue 50 20 1000 50 30 1500
1-Feb PURCHASE 200 40 8000 250 38 9500
15-Feb Issue 100 38 3800 150 38 5700
150 5700
 39
STORE LEDGER
FIFO
DATE PARTICULARS RECEIPTS ISSUE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Dec OPENING STOCK
2-Dec PURCHASE 100 47 4700

4-Dec issue 50 44 2200

100 47 4700
5-Dec PURCHASE 200 48 9600

STORE LEDGER
LIFO
DATE PARTICULARS RECEIPTS ISSUE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Dec OPENING STOCK
2-Dec PURCHASE 100 47 4700

4-Dec issue 100 47 4700

50 44 2200
5-Dec PURCHASE 200 48 9600

STORE LEDGER
W.Avg
DATE PARTICULARS RECEIPTS ISSUE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Dec OPENING STOCK
2-Dec PURCHASE 100 47 4700
4-Dec issue 150 46 6900
5-Dec PURCHASE 200 48 9600
 BALANCE
QUANTITY RATE AMOUNT
50 44 2200
50 44 2200
100 47 4700
0 0 0

200 48 9600
200 9600

BALANCE
QUANTITY RATE AMOUNT
50 44 2200
50 44 2200
100 47 4700
0 0 0

200 48 9600
200 9600

BALANCE
QUANTITY RATE AMOUNT
50 44 2200
150 46 6900
0 0 0
200 48 9600
200 9600
 40
STORE LEDGER
FIFO
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Jan OPENING STOCK 1000 20 20000
10-Feb PURCHASE 500 25 12500 1000 20 20000
500 25 12500
13-Mar PURCHASE 400 22 8800 1000 20 20000
500 25 12500
400 22 8800
20-Mar SALES 1000 20 20000 300 25 7500
200 25 5000 400 22 8800
6-Apr SALES 300 25 7500 200 22 4400
200 22 4400
12-May PURCHASE 400 25 10000 200 22 4400
400 25 10000
10-Jun SALES 200 22 4400
300 25 7500 100 25 2500
31,300.00 48,800.00

STORE LEDGER
LIFO
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Jan OPENING STOCK 1000 20 20000
10-Feb PURCHASE 500 25 12500 1000 20 20000
500 25 12500
13-Mar PURCHASE 400 22 8800 1000 20 20000
500 25 12500
400 22 8800
 20-Mar SALES 400 22 8800 700 20 14000
500 25 12500
300 20 6000
6-Apr SALES 500 20 10000 200 20 4000
12-May PURCHASE 400 25 10000 200 20 4000
400 25 10000
10-Jun SALES 400 25 10000
100 20 2000 100 20 2000
31,300.00 49,300.00

STORE LEDGER
WAM
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Jan OPENING STOCK 1000 20 20000
10-Feb PURCHASE 500 25 12500 1500 21.67 32500
13-Mar PURCHASE 400 22 8800 1900 21.74 41300
20-Mar SALES 1200 21.74 26088 700 21.73 15212
6-Apr SALES 500 21.73 10865 200 21.73 4347
12-May PURCHASE 400 25 10000 600 23.91 14347
10-Jun SALES 500 23.91 11955 100 23.92 2392
31,300.00 48,908.00
 41
STORE LEDGER
FIFO
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Mar OP BAL 15 400 6000
4-Mar PURCHASE 20 450 9000 15 400 6000
20 450 9000
6-Mar PURCHASE 10 460 4600 15 400 6000
20 450 9000
10 460 4600
24-Mar PURCHASE 15 400 6000 10 460 4600
20 450 9000
30 13,600 15,000 10 4,600

STORE LEDGER
LIFO
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Mar OP BAL 15 400 6000
4-Mar PURCHASE 20 450 9000 15 400 6000
20 450 9000
6-Mar PURCHASE 10 460 4600 15 400 6000
20 450 9000
10 460 4600
24-Mar PURCHASE 10 460 4600 10 400 4000
20 450 9000
5 400 2000
30 13,600 15,600 10 4,000

STORE LEDGER
WAM
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Mar OP BAL 15 400 6000
4-Mar PURCHASE 20 450 9000 35 428.57 15000
6-Mar PURCHASE 10 460 4600 45 435.56 19600
24-Mar PURCHASE 35 435.56 15244.6 10 435.56 4355.6
30 13,600 15,245 10 4,356
 42
STORE LEDGER
LIFO
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Sep OPENING STOCK 150 20 3000
3-Sep issue 100 20 2000 50 20 1000
4-Sep PURCHASE 200 25 5000 50 20 1000
200 25 5000
10-Sep Issue 150 25 3750 50 20 1000
50 25 1250

14-Sep purchase 100 22 2200 50 20 1000

50 25 1250
100 22 2200 4450
STORE LEDGER
FIFO
DATE PARTICULARS RECEIPTS ISSUE BALANCE Avg Price
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT
1-Sep OPENING STOCK 150 9 1350
3-Sep issue 100 9 900 50 9 450
4-Sep PURCHASE 200 25 5000 50 9 450
200 25 5000 21.80
10-Sep Issue 50 9.00 450.00 100 25.00 2500
100 25.00 2500.00

14-Sep purchase 100 22 2200 100 25.00 2500

100 22.00 2200 4700

FIFO 4700
LIFO 4450
250
 43
STORE LEDGER
FIFO
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY* RATE AMOUNT QUANTITY RATE
1-Dec OPENING STOCK 100000 3
1-Dec PURCHASE 200000 2.85 570000 100000 3
200000 2.85
30-Dec PURCHASE 100000 3.03 303000 100000 3
200000 2.85
100000 3.03
31-Dec SALES 100000 3 300000 30000 2.85
170000 2.85 484500 100000 3.03
873,000 784,500 130,000

Profit = Sales - COGS - General Administrative Cost

945000 - 784500 - 25000
135500
STORE LEDGER
LIFO
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE
1-Dec OPENING STOCK 100000 3
1-Dec PURCHASE 200000 2.85 570000 100000 3
200000 2.85
30-Dec PURCHASE 100000 3.03 303000 100000 3
200000 2.85
100000 3.03
31-Dec SALES 100000 3.03 303000 30000 2.85
170000 2.85 484500 100000 3
873,000.00 787,500 130,000
Profit = Sales - COGS - General Administrative Cost
945000 - 787500 - 25000
132500

STORE LEDGER
WAM
DATE PARTICULARS RECEIPTS ISSUE BALANCE
QUANTITY RATE AMOUNT QUANTITY RATE AMOUNT QUANTITY RATE
1-Dec OPENING STOCK 100000 3
1-Dec PURCHASE 200000 2.85 570000 300000 2.90
30-Dec PURCHASE 100000 3.03 303000 400000 2.9325
31-Dec SALES 270000 2.9325 791775 130000 2.9325
873,000.00 791,775.00 130,000

Profit = Sales - COGS - General Administrative Cost

945000 - 791775 - 25000
128225

*Unit Sold = Opening Units + Units Purchased - Closing Units

100000 + 300000 - 130000
270000
AMOUNT
300000
300000
570000
300000
570000
303000
85500
303000
388,500

AMOUNT
300000
300000
570000
300000
570000
303000
85500
300000
385,500
AMOUNT
300000
870000
1173000
381225
381,225