XY Ltd. purchased and issued materials in the following order:
|
March 1985 |
||
|
1 |
Purchased |
300 units at Rs 3 per unit |
|
5 |
Purchased |
500 units at Rs 4 per unit |
|
10 |
Issued |
500 units |
|
12 |
Purchased |
700 units at Rs 4.50 per unit |
|
15 |
Issued |
700 units |
|
20 |
Purchased |
300 units at Rs 5 per unit |
|
30 |
Issued |
150 units |
Ascertain the quantity of closing stock as on 31 March and state its value under the weighted average cost method.