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Problem 3: Value the closing inventory by using Average Cost method from the following data: Date 01.04.2010 03.04.2010) 12.04.2010 13.04.2010 18.04.2010 24.04.2010 30.04.2010 Particulars Opening

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Problem 3: Value the closing inventory by using Average Cost method from the following data: Date 01.04.2010 03.04.2010) 12.04.2010 13.04.2010 18.04.2010 24.04.2010 30.04.2010 Particulars Opening Stock - 1000 units Purchases - 1500 units Purchases - 1200 units Sales-3200 units Purchases - 500 units Sales - 600 units Sales . 250 units Rs Per Unit 10x1 I 120 125 150 120 150 150

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