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Prepare the Stock Ledger using Weighed Average method of valuing the issues from the following details of stores receipts and issues of material in a

Prepare the Stock Ledger using Weighed Average method of valuing the issues from the following details of stores receipts and issues of material in a manufacturing unit:

TABLE BELOW

Nov. 1 Opening Stock 2,000 units @ Rs. 5 each

Nov. 3 Issued 1,500 units to Production.

Nov. 4 Received 4,500 units @ Rs. 6.00 each.

Nov. 8 Issued 1,600 units to Production

Nov. 9 Returned to stores 100 units by Production Department (from the issues

of November 3)

Nov. 16 Received 2,400 units @ Rs. 6.50 each.

Nov. 19 Returned to the supplier 200 unit out of the quantity received on

November, 4

Nov. 20 Received 1,000 units @ Rs. 7.00 each.

Nov. 24 Issued to Production 2,100 units.

Nov. 27 Received 1,200 units @ Rs. 7.50 each

Nov. 29 Issued to Production 2,800 units (use rates upto two decimal places).

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