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ILLUSTRATION 14 Following information is given in respect of an item of material for month of April 2019: April 1 Opening Stock 100 units @
ILLUSTRATION 14 Following information is given in respect of an item of material for month of April 2019: April 1 Opening Stock 100 units @ $2 25 Issued 650 units 5 Purchases 200 units @ $1.5 26 Purchases 200 units @ $2.9 $2.5 30 Issued 100 units 7 Purchases 18 Issued 20 Purchases 200 units @ 100 units 300 units @ $3.33 30 Closing Stock 50 units Prepare a stores ledger card using the Weighted average price method assuming perpetual inventory system inventory system
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