From the following particulars, prepare stores ledger account showing the pricing of material issues under (i) simple average and (ii) weighted average methods:
|
2 August 1983 |
Opening stock |
800 units at Rs 4.20 |
|
3 August 1983 |
Purchased |
800 units at Rs 4.20 |
|
4 August 1983 |
Issued |
1,200 units |
|
6 August 1983 |
Purchased |
1,600 units at Rs 4.80 |
|
7 August 1983 |
Issued |
1,000 units |
|
9 August 1983 |
Purchased |
400 units at Rs 6.00 |
|
11 August 1983 |
Issued |
800 units |
|
13 August 1983 |
Issued |
100 units |
|
15 August 1983 |
Purchased |
500 units at Rs 8.00 |