From the following particulars, prepare the store ledger account showing the pricing of material issue under (a) simple average and (b) weighted average:
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December 1994 |
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1 |
Opening stock is 500 units at Rs 2 each |
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3 |
Purchased 400 units at Rs 2.10 each |
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5 |
Issued 600 units, vide MR number 15 |
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7 |
Purchased 800 units at Rs 2.40 each |
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9 |
Issued 501 units, vide MR number 22 |
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12 |
Returned from issue on 5 December, 12 units |
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17 |
Purchased 400 units at Rs 2.50 each |
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25 |
Issued 600 units, vide MR number 30 |