From the following details of stores receipts and issues of material ''EXA'' in a manufacturing unit, prepare
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From the following details of stores receipts and issues of material ''EXA'' in a manufacturing unit, prepare the Stock Ledger using ''Weighted Average'' method of valuing the issues:
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Nov. 1 Opening stock 2,000 units @ Rs. 5 each. Issued 1,500 units to Production. Nov. 3 Nov. 4 Received 4,500 units @ Rs. 6.00 each. Nov. 8 Issued 1,600 units to Production. Nov. 9 Returned to stores 100 units by Production Department (from the issues of November, 3). Nov. 16 Received 2,400 units @ Rs. 6.50 each. Nov. 19 Nov. 20 Nov. 24 Returned to the supplier 200 units out of the quantity received on November, 4. Received 1,000 units @ Rs. 7.00 each. Issued to Production 2,100 units. Received 1,200 units @ Rs. 7.50 each. Issued to Production 2,800 units. (use rates upto two decimal places). Nov. 27 Nov. 29
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