Q6. Mega Giant Company had in stock 10,000 boxes valued at 10 each at the beginning of December 2020. Purchases and Issues during the month were as follows: Purchases Issues Dec. 7 4.000 boxes @ 12.50 Decl 16 16.000 boxes Dec. 14 6.000 boxes @ 15.00 Deci 28 10.000 boxes Dec. 14 8.000 boxes @ 16.50 You are required to compute the cost of closing Stock based on weighted average cost method as on 28.12.20.
Answers
Answered by
0
Explanation:
2020. Purchases and Issues during the month were as follows: Purchases Issues Dec. 7 4.000 boxes @ 12.50 Decl 16 16.000 boxes Dec. 14 6.000 boxes @ 15.00 Deci 28 10.000 boxes Dec. 14 8.000 boxes @ 16.50 You are required to compute the cost of closing Stock based on weighted average cost method as on 28.12.20.
Similar questions