Question

a 154 500 units October 136 1,000 units * 1.40 October 22nd 500 units October 20° 500 units 1,50 October November 17% 400 units *1.60 November 114 500 units (B.Com, Andhra, SVU -adapted, M.Com, SKU) 14. On 1" March 1979, twelve tons of a material was in stores, which was valued at the rate of 140 per ton. On 3rd March 1979, fifteen more tons of material was received at 150 per ton. On 5th March 1979, twenty tons of material was issued. Calculate the price of issues and value of closing stock, if the issue of material is priced according to (i) FIFO method (ii) LIFO method (iii) Weighted average method (B.Com, Delhi) (Ans : Closing Stock : FIFO 1050, LIFO 980 Weighted Average 1019) 15. The following transactions took place in respect of an item of material Date Receipts Quantity Issue Quantity Rate 1-1-1986 400 2.20 8-1-1986 500 12-1-1986 2.40 300 15-1-1986 200 201102 b.com questions

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Answer 1

Answer:

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