Question

8.
of
A company is following weighted average cost method for valuing its inventory. The details
purchase and issue of raw-materials during the week are as follows:
1.12.2015 opening Inventory 50 units value * 2,200.
2.12.2015 purchased 100 units @ 47.
4.12.2015 issued 50 units.
5.12.2015 purchased 200 units @ * 48.
The value of inventory at the end of the week and the unit weighted average costs is
(a) * 14,200 - 47.33 (b) * 14,300 - 47.67 (c) 14,000 - 46.66​

Answer 1

On March 22, the company purchased on credit for office use 10 dozens of carbon papers at the rate of Rs. 40 per dozen and 10 dozens of ball pens at the rate of Rs. 30 per dozen.

On March 22, the company purchased on credit for office use 10 dozens of carbon papers at the rate of Rs. 40 per dozen and 10 dozens of ball pens at the rate of Rs. 30 per dozen.At the time of making payment on March 31, the suppliers have allowed a cash discount of 5% on the above purchases.

On March 22, the company purchased on credit for office use 10 dozens of carbon papers at the rate of Rs. 40 per dozen and 10 dozens of ball pens at the rate of Rs. 30 per dozen.At the time of making payment on March 31, the suppliers have allowed a cash discount of 5% on the above purchases.The total of purchases for the month of March was:259350

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