In a period of rising prices such as above, what are the effects of each method?

Show the stores ledger entries as they would appear when using the (a) weighted average method and (b) LIFO method of pricing issues in connection with the following transactions:

April

Units

Value(Rs)

1

Balance in hand(b/f)

300

600

2

purchased

200

440

4

Issued

150

6

Purchased

200

460

11

Issued

150.00

19

Issued

200

22

Purchased

200

480

27

Issued

250

In a period of rising prices such as above, what are the effects of each method?

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