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Q2. The Al Walid Company provided details for the three- Month period from August, September and October. There was no Opening stock for the month

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Q2. The Al Walid Company provided details for the three- Month period from August, September and October. There was no Opening stock for the month of August. Purchases done on 2 August 250 units @ 14 per unit, 8 August 175 units @16 per unit, 17 August 225 units @15 per unit, 25 August 300 units @ 13 per unit, 30 August 150 Units @ 14 per unit and Issues were made on 10 August 260 units, 20 August 190 Units, 23 August 70 units, 27 August 250 units and 29 August 65 Units. Stock on 14 September 150 units @OMR 22 per unit On September 4, Purchased 320 units @OMR 30 September 12, Purchased 215 units @OMR 35, September 15, Purchased 200 units @ OMR 40, September 28, Purchased 200 units @OMR 47, September 5, Issued 225 Units, September 14, Issued 190 units, September 20, Issued 200 units, September 25, Issued 250 units, September 30, Issued 90 units. Stock on 15 October 130 units @ OMR 47 per unit and Purchases done on 5 October 200 units @ 52 per unit, 9 October 150 units @54 per unit, 17 October 225 units @ 53 per unit, 26 October 300 units @ 49 per unit and Issues were made on 7th October 225 units, 10 October 200 units and 19 October 150 units. a. Prepare stock register with Weighted Average Method for the Period of August. (5 Marks) b. Explain with suitable example, applicability of Simple Average Methods (2 Marks)

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