10. The received side of the Stores Ledger Account shows the following particulars:: 500 units @ RO 4: 200 units @ RO 4.25: 300 units @ RO 4.50Jan. 1 Opening BalanceJan. 5 ReceivedJan.20 ReceivedIssues of material were as follows:: 200 units: 100 units: 100 units: 250 unitsJan. 4Jan. 15Jan 19Jan.30Prepare the stores ledger using Weighted Average method for the month of January.

Solution: Store ledger using weighted average method is as under:

10. The received side of the Stores Ledger Account shows the following particulars: Jan. 1 Opening Balance Jan. 5 Received : 500 units @ RO 4 : 200 units @ RO 4.25 : 300 units @ RO 4.50 Jan.20 Received Issues of material were as follows: : 200 units : 100 units : 100 units : 250 units Jan. 4 Jan. 15 Jan 19 Jan.30 Prepare the stores ledger using Weighted Average method for the month of January.

10. The received side of the Stores Ledger Account shows the following particulars: Jan. 1 Opening Balance Jan. 5 Received : 500 units @ RO 4 : 200 units @ RO 4.25 : 300 units @ RO 4.50 Jan.20 Received Issues of material were as follows: : 200 units : 100 units : 100 units : 250 units Jan. 4 Jan. 15 Jan 19 Jan.30 Prepare the stores ledger using Weighted Average method for the month of January.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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