The following particulars have been extracted for material X. Prepare a store ledger account showing the receipts and issues, pricing the materials issued on the basis of (a) simple average and (b) weighted average methods:Receipts
|
1 October 1994, opening stock |
200 units |
Rs 3.50 per unit |
|
3 October 1994, purchased |
300 units |
Rs 4.00 per unit |
|
13 October 1994, purchased |
900 units |
Rs 4.30 per unit |
|
23 October 1994, purchased |
600 units |
Rs 3.80 per unit |
Issues
|
5 October 1994, issued |
400 units |
|
15 October 1994, issued |
600 units |
|
25 October 1994, issued |
600 units |