Question

01-02-2021 opening stock 50 units valued at rs. 1900
01-03-2021 purchased 150 units for rs 7500
15-03-2021 issused for consumption 100 units
the value of closing stock on 15-032021 on weighted average cost basis is
A) rs 5000
B) rs 4400
C) rs 4700
D) rs 3800

Answer 1

Answer:

C

Explanation:

50 units -- 1900

150 units -- 7500

total:

200 units -- 9400

each unit according to average weighed method: 47/-

remaining 100 after issuance : 47x100= 4700