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Why is the value of closing stock according to the WEIGHTED AVERAGE METHOD (c) 786? Q.30. Calculate the value of closing stock from the following
Why is the value of closing stock according to the WEIGHTED AVERAGE METHOD (c) 786?
Q.30. Calculate the value of closing stock from the following according to LIFO method: 1st January, 2014: Opening balance: 50 units @ Rs. 4 Receipts: 5th January, 2014: 100 units @ Rs. 5 12th January, 2014: 200 units @ Rs. 4.50 Issues: 2nd January, 2014: 30 units 18th January, 2014: 150 units (a) Rs. 765 (b) Rs. 805 (C) Rs. 786 (d) Rs. 700 Q.31. Calculate the value of closing stock from the following according to Weighted Average 1st January, 2014: Opening balance: 50 units @ Rs. 4 Receipts: 5th January, 2014: 100 units @ Rs. 5 12th January, 2014: 200 units @ Rs. 4.50 Issues: 2nd January, 2014: 30 unitsStep by Step Solution
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College Accounting A Practical Approach Chapters 1-25
Authors: Jeffrey Slater, Mike Deschamps
15th Edition
0137504284, 9780137504282
