You are required to compute the simple moving average rates in a chocolate company purchasing raw materials at different monthly rates as shown below. Six months moving average is to be shown from September 2009. How shall the material issued in the months of September, October and November 2009 be priced according to Moving simple average price method?
|
Price per kg |
|
|
Month |
(Rs.) |
|
April |
12.00 |
|
May |
11.50 |
|
June |
12.50 |
|
July |
12.00 |
|
August |
11.50 |
|
September |
12.50 |
|
October |
11.00 |
|
November |
12.00 |