cost and Management Accounting

QUESTION FIVE Z Ltd had the following transactions in one of its raw materials during April 2017 Units Purchase Price Market Price Opening April 4 10 @K10 each @K10 each @K11 each @K12 each @K12 each @K13 each 12 13 40 units 140 units 90 units 60 units 100 units 200 units 70 units 80 units 50 units 60 units Bought Used Bought Used Bought Used Used Bought Used 16 @K10 each @K15 each 21 23 @K12 each @K14 each 26 29 Required Write up stores ledger account using the following methods of stock valuation below, and you Should clearly indicate (1) the total purchase costs, cost of sales, value of closing stock and (ii) where there are differences between purchase cost and the aggregate of cost on production and value of the closing stock, show the reconciliation A. Replacement Method (13 Marks) B. Weighted Average (12 Marks)