The following is the record of receipts and issues for a certain material in a factory during a week:
|
1 January |
Opening balance is 50 tonne at Rs 10.00 per tonne |
|
1 |
Issued 30 tonne |
|
2 |
Received 60 tonne at Rs 10.20 per tonne |
|
3 |
Issued 25 tonne |
|
3 |
Stock verification revealed a loss of 1 tonne |
|
4 |
Received back from work orders 10 tonne (previously issued at Rs 9.15 per tonne) |
|
5 |
Issued 40 tonne |
|
6 |
Received 22 tonne at Rs 10.30 per tonne |
|
7 |
Issued 38 tonne |
At what prices will you issue the materials? Use two important methods for this purpose and show the comparative results.