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

Prepare stores ledger account using the

(a) simple average method and

(b) weighted average method.

Transcribed Image Text:

2 January 20 Purchased Purchased 4,000 units at Rs 4.00 per unit 500 units at Rs 5.00 per unit 5 February Issued 2,000 units 022552 10 Purchased 6,000 units at Rs 6.00 per unit 12 Issued 4,000 units 2 March Issued 1,000 units Issued 2,000 units 15 Purchased 4,500 units at Rs 5.50 per unit Issued 3,000 units