| Cost Accounting | Stores Ledger Accounts | Simple & Weighted Average Method | Full Concept |

| Cost Accounting | Stores Ledger Accounts | Simple & Weighted Average Method | Full Concept |
From the following details write stores ledger under simple average method :

2002

Dec. 1

Opening balance

100 kg. @ Rs. 5.00

5

Received

50 kg. @ Rs. 5-20

e 8

0

Issued 000,1

120 kg.

10

Issued boa

10 kg.

sonclea

15

Received

80 kg. @ Rs. 5.40

18 Issued

50 kg.

20

Received

100 kg. @ Rs. 5.60

25

Issued

40 kgmutat

60 kg. onubong

21

28

Issued

noin

ως

The stock verifier found a shortage of 10 kg. on 16.12.01 and another shortage of 10 kg. on 26.12.01.
The following are the receipts and issues of stores Material Y in a manufacturing concern:

July

1 Opening stock 100 units at Rs. 10 per unit.

yeulam

2

Issued 25 units to Department A.

7

Received 425 units at Rs. 11 per unit.

10

Issued 200 units to Department B.

vd bemutat zuiqui

wan

0:12Returned to stores 10 units from Department A.

193

& 26

15

Returned to vendor 20 units out of the quantity received on 7th.

08 meldo19

17

Received 110 units at Rs. 12-50 per unit.

25

Received 100 units at Rs. 10 per unit.

29

Issued 200 units to Department B.

30

Received 100 units at Rs. 11 per unit.

Enter the above transactions in the stores ledger account of Material Y, using the average cost (weighted) method. (Average cost to be calculated correct to two decimal places of a rupee.

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