Solution-Simple average method and weighted average method

Simple average method and weighted average method

Reference no: EM13527525

The following transactions occur in the purchase and issue of a material:

2 January	Purchased	4,000 units at Rs 4.00 per unit
20	Purchased	500 units at Rs 5.00 per unit
5 February	Issued	2,000 units
10	Purchased	6,000 units at Rs 6.00 per unit
12	Issued	4,000 units
2 March	Issued	1,000 units
5	Issued	2,000 units
15	Purchased	4,500 units at Rs 5.50 per unit
20	Issued	3,000 units

Prepare stores ledger account using the (a) simple average method and (b) weighted average method.

Reference no: EM13527525

Questions Cloud

Explain the minimum amount of heat withdrawn : A steam engine operates between 138 C and 38 C. what is the minimum amount of heat that must be withdrawn from the hot reservoir to obtain 1000 j work

Will this help or hurt the balance of payments situation : Will this help or hurt the balance of payments situation?

Determining cash flow effects : Determining Cash Flow Effects - For each of the following transactions, determine whether cash flows from operating activities will increase, decrease, or remain the same:

Estimate the final speed of the particle : A particle moving at 9.1 m/s in the positive x direction is given an acceleration of 3.4 m/s2 in the positive y direction for 2.4 s. Find the final speed of the particle

Simple average method and weighted average method : Prepare stores ledger account using the simple average method and weighted average method.

Explain benzene (c6h6) is converted to cyclohexane : Benzene (C6H6) is converted to cyclohexane (C6H12) by direct addition of hydrogen gas H2. The plant produces 100 Ib-moles/hr of cyclohexane. 90% of benzene fed to the process reacts to form cyclohexane.

Exactly how often do you have to catch illegal parkers : Catching illegal parkers is expensive. Exactly how often do you have to catch illegal parkers, before they will buy the $63 parking permit instead? (Hint: Set EU legal = EU illegal and solve for p, the probability).

Find the size of the acceleration due to gravity on zircon : An astronaut on the planet Zircon tosses a rock horizontally with a speed of 7.45 m/s. find the size of the acceleration due to gravity on Zircon

Journalize the admission of sacchetti : Journalize the admission of Sacchetti as a partner on July 31 for each of the following independent situations - Johnson are considering adding Ken Sacchetti

User Account

All Pages

Simple average method and weighted average method

Reference no: EM13527525

Reference no: EM13527525

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT