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Q2. From the following data, prepare Simple average method and weighted average method for issuing material. 1. 10 January 2022 Balance of material in the store 200 unit @ RO. 5 2. 11 Jan Purchased 250 unit @ 6 RO 3 Purchased 300 unit @ 6.6 4. Issued material 250 units 5. Issued material 150 units 6. Purchased material 500 units @RO.5 7. Issued material 200 units 8. Purchased material 150 units @ 7 9. Issued material 350 units

Q2. From the following data, prepare Simple average method and weighted average method for issuing material. 1. 10 January 2022 Balance of material in the store 200 unit @ RO. 5 2. 11 Jan Purchased 250 unit @ 6 RO 3 Purchased 300 unit @ 6.6 4. Issued material 250 units 5. Issued material 150 units 6. Purchased material 500 units @RO.5 7. Issued material 200 units 8. Purchased material 150 units @ 7 9. Issued material 350 units

FINANCIAL ACCOUNTING
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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Q2. From the following data, prepare Simple average method and weighted average method for issuing material. 1. 10 January 2022 Balance of material in the store 200 unit @ RO. 5 2. 11 Jan Purchased 250 unit @ 6 RO 3 Purchased 300 unit @ 6.6 4. Issued material 250 units 5. Issued material 150 units 6. Purchased material 500 units @RO.5 7. Issued material 200 units 8. Purchased material 150 units @7 9. Issued material 350 units
Transcribed Image Text:Q2. From the following data, prepare Simple average method and weighted average method for issuing material. 1. 10 January 2022 Balance of material in the store 200 unit @ RO. 5 2. 11 Jan Purchased 250 unit @ 6 RO 3 Purchased 300 unit @ 6.6 4. Issued material 250 units 5. Issued material 150 units 6. Purchased material 500 units @RO.5 7. Issued material 200 units 8. Purchased material 150 units @7 9. Issued material 350 units
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