Prepare the Stock Ledger using “Weighed Average” method of valuing the issues from the following details of stores receipts and issues of material in a manufacturing unit: TABLE BELOW Nov. 1 Opening Stock 2,000 units @ Rs. 5 each Nov. 3 Issued 1,500 units to Production. Nov. 4 Received 4,500 units @ Rs. 6.00 each. Nov. 8 Issued 1,600 units to Production Nov. 9 Returned to stores 100 units by Production Department (from the issues of November 3) Nov. 16 Received 2,400 units @ Rs. 6.50 each. Nov. 19 Returned to the supplier 200 unit out of the quantity received on November, 4 Nov. 20 Received 1,000 units @ Rs. 7.00 each. Nov. 24 Issued to Production 2,100 units. Nov. 27 Received 1,200 units @ Rs. 7.50 each Nov. 29 Issued to Production 2,800 units (use rates upto two decimal places).
Prepare the Stock Ledger using “Weighed Average” method of valuing the issues from the following details of stores receipts and issues of material in a manufacturing unit:
TABLE BELOW
Nov. 1 Opening Stock 2,000 units @ Rs. 5 each
Nov. 3 Issued 1,500 units to Production.
Nov. 4 Received 4,500 units @ Rs. 6.00 each.
Nov. 8 Issued 1,600 units to Production
Nov. 9 Returned to stores 100 units by Production Department (from the issues
of November 3)
Nov. 16 Received 2,400 units @ Rs. 6.50 each.
Nov. 19 Returned to the supplier 200 unit out of the quantity received on
November, 4
Nov. 20 Received 1,000 units @ Rs. 7.00 each.
Nov. 24 Issued to Production 2,100 units.
Nov. 27 Received 1,200 units @ Rs. 7.50 each
Nov. 29 Issued to Production 2,800 units (use rates upto two decimal places).
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