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
https://youtube.com/playlist?list=PLVjZhvcpvcGrmMLJJj67l3LlAArsajFno&si=8MrBj-bJbzgAVX6q

FIFO - First in First Out
https://youtu.be/IqBhf-1hzbk

LIFO - Last in First Out
https://youtu.be/f5Pv2ZjLFWY

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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