The stores ledger of a manufacturing Company reveals the following entries of a particular material. Opening stock

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The stores ledger of a manufacturing Company reveals the following entries of a particular material.

Opening stock as on 1.1.2002 was 20,000 units valued at Rs. 40,000, Closing stock as per physical verification on 28.2.2002 was 6,950 units.
Work out the method of pricing the issue which you consider to have been adopted for the issue of the material and show the working of the issue rates (correct to 2 places of decimal). Complete the account of the material and work out the value of the closing stock as on 28.2.2002 on the basis of valuation adopted and also under any other method of valuation, you are familiar with.

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Related Book For  answer-question

Cost Accounting

ISBN: 9780070221628

4th Edition

Authors: Jawahar Lal, Seema Srivastava

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