With the help of the following information prepare the Stores Ledger Account on the weighted Average method

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With the help of the following information prepare the Stores Ledger Account on the weighted Average method of pricing issues:

2009 March 1 Opening balance: 24,000 kg @ Rs. 7,500 per ton.

March 1 Purchase: 44,000 kg @ Rs. 7,600 per ton.

March 4 Issue: 10,000 kg March 5 Issue: 16,000 kg March 12 Issue: 24,000 kg March 13 Purchase: 10,000 kg @ Rs. 7,800 per ton.

March 18 Issue: 24,000 kg March 22 Purchase: 50,000 kg @ Rs. 8,000 per ton.

March 28 Issue: 30,000 kg March 30 Issue: 22,000 kg

[Ans.: Closing Stock – 2,000 kg at Rs. 15,950]

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