Question

From the following details of stores receipts and issues of material "EXE” in a
manufacturing unit, prepare the Stock Ledger using Weighted Average Method of valuing
the issues.
Nov.
1 Opening stock 2,000 units @ 5.00 each
3 Issued 1,500 units to production.
4 Received 4,500 units @ 6.00 each.
8 Issued 1,600 units to production.
9 Returned to stores 100 units by Production Department (from the issue of Nov. 3).
16 Received 2,400 units @ 6.50 each.
19 Returned to supplier 200 units out of the quantity received on Nov. 4.
20 Received 1,000 units @ 7.00 each.
24 Issued to production 2,100 units.
27 Received 1,200 units @* 7.50 each.
29 Issued to production 2,800 units. (Use rates upto two decimal places).​

Answer 1

Answer:

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Explanation:

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