The following are the details of the spare parts of an Oil Mill: Opening Inventory Nil...
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The following are the details of the spare parts of an Oil Mill: Opening Inventory Nil Purchases 10 units @ 300 per unit 5 units 1-1-2021 1-1-2021, 15-1-2021 Issued for consumption 1-2-2021 Purchases 15-2-2021 Issued for consumption 20-2-2021 Issued for consumption 20 units @400 per unit 10 units 10 units Find out the value of Inventory as on 31.3.2021, if the company follows Weighted Average Method. (4 Marks) The following are the details of the spare parts of an Oil Mill: Opening Inventory Nil Purchases 10 units @ 300 per unit 5 units 1-1-2021 1-1-2021, 15-1-2021 Issued for consumption 1-2-2021 Purchases 15-2-2021 Issued for consumption 20-2-2021 Issued for consumption 20 units @400 per unit 10 units 10 units Find out the value of Inventory as on 31.3.2021, if the company follows Weighted Average Method. (4 Marks)
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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