Here I have explained how to prepare Stores Ledger Account under Base Stock Method in conjunction with FIFO & LIFO.

⏱TIMESTAMPS
00:00 - Intro
00:09 - Concept
02:52 - Base Stock Problem - FIFO
10:37 - Under LIFO

Material Costing Chapter Playlist
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FIFO - First in First Out
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LIFO - Last in First Out
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This is for the students of B.COM, BBA, CA INTER, CMA and any other accounting courses which has this chapter in its syllabus.

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