The stores ledger of a manufacturing Company reveals the following entries of a particular material.

Opening stock as on 1.1.2002 was 20,000 units valued at Rs. 40,000, Closing stock as per physical verification on 28.2.2002 was 6,950 units.
Work out the method of pricing the issue which you consider to have been adopted for the issue of the material and show the working of the issue rates (correct to 2 places of decimal). Complete the account of the material and work out the value of the closing stock as on 28.2.2002 on the basis of valuation adopted and also under any other method of valuation, you are familiar with.

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Date 2002 January 2 5 18 February 5 14 18 20 Quantity in units 4,000 2,000 3,000 3,000 Receipts Rate Rs. 1.80 1.75 1.85 1.90 Amount Rs. 7,200 3,500 5,550 5,700 Issues Quantity in units 10,000 5,000 10,000 Rate Rs. Amount Rs. 19,500 9750 19,200