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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
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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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
