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Q 1. Solve any 2A) From the following information of lion Ltd. prepare a stores ledger account (under the LIFO method): 1 April 2008 opening balance :50 kg @ Rs. 10.10 (issued 30 kg)2 April 2008 purchase 60 kg @ Rs. 10.203 April 2008 Issued 25 kg (it is verified that there is shortage of 1 kg)10 April 2008 goods returned to stores: 10 kg (which were issued to work @ Rs. 9.15)15 April 2008 issued 40 kg 22 April 2008 purchased 22 kg @ Rs. 10.4028 April 2008 issued 38 kgB) Show the year and value of inventory of mulund India Ltd. under the FIFO and FIFO methods for the following data :Opening balance 12,000 units @ Rs. 2.10 per unit.Particular Received (units) Issued (units)1st quarter 20,000 @ Rs. 2.20 16,0002nd quarter 30,000 @ Rs. 2.40 26,0003rd quarter 25,000 @ Rs. 2.30 32,0004th quarter 10,000 @ Rs. 2.25 8000Assume that purchases were made on the first day of the quarter.C) Stocks are issued at standard price and the following are the transaction of Matunga Ltd. for a certain period: Opening stock 1,000 kgs @ Rs. 10 per kgPurchased 5,000 kgs @ Rs. 8.50/kg Issued 600 kgsIssued 3,750 kgsIssued 650 kgsPurchased 2,500 kgs at Rs. 9 per Kg

Prepare Ledger Account on the basis of FIFO and LIFO Methods.Q 2. Solve any oneA) From the following figures of Ruby Stone Ltd. Calculate the EOQ.Annual consumption of material 4,000 kgCost of placing one order Rs. 5Cost per unit Rs. 2 kgStorage and carrying cost 12 % on average inventoryB) A manufacturer buys certain equipment from outside suppliers at Rs. 40 per unit. Total annual needs are 800 units. The following data are also available.Annual return on investment 10%Rent, Insurance taxes per unit per year Rs. 1Cost of placing an order Rs. 100Determine the EOQ.