From the following
information of POR
Ltd. Calculate
weighted Average
Price: Opening
stock as on
01.07.2020, 500
units @ Rs. 20 per
unit and Purchases
on 05.07.2020, 400
units @ Rs. 21 per
unit.
Answers
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Answer:
The closing stock is valued at a more recent price. ... In case of a rising price LIFO method is suitable because material is issued at ... 1 - Opening balance 500 units at Rs. 25 per unit.
Explanation:
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