The following transactions took place in respect of a material item during the month of March:
Date |
Receipt Qty. |
Rate |
Issue Qty. |
March 2 |
200 |
2.00 |
|
March 10 |
300 |
2.40 |
|
March 15 |
|
|
250 |
March 18 |
250 |
2.60 |
|
March 20 |
|
|
200 |
Prepare the Stores Ledger Sheet, pricing the issue at the simple average rate and the weighted average rate.