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1. A Company is following weighted Average Cost method for valuing its inventory. The details of its Purchase and issue of raw materials during
1. A Company is following weighted Average Cost method for valuing its inventory. The details of its Purchase and issue of raw materials during the week are as follows: 1-12-2020 - Opening Stock 50 units value Rs.2,200 2-12-2020- Purchased 100 units @ Rs.47. 4-12-2020 - Issued 50 units. 5-12-2020 Purchased 200 units @ Rs.48. The value of inventory at the end of the week and the unit weighted average costs is Rs.14,400 Rs.48.00 Rs.14,200-Rs.47.33 Rs.14,300-Rs.47.67 Rs.14,000-Rs.46.66
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