Question

1.4.2020 Opening Stock Nil
5.4.2020 Purchases 200 units
@ Rs. 30 per unit
17.4.2020 Issued 100 units
What will be the value of
closing stock on 17th April,
2020 as per Weighted Average
Method?​

Answer 1

Answer:

Explanation:

Weighted Average Method ?

Date  Particular           Qty  Rate                 Amt

April 1  Opening Stock  --------------------

April 2  Purchased           200  30                        6000

April 7  Issued                     100  30*(6000/200)  3000

April 7      Balance                  100    30                         3000