From the following particulars prepare stores ledger account under (a) Simple average (b) Weighted average method...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
From the following particulars prepare stores ledger account under (a) Simple average (b) Weighted average method January 1st Stock on hand 100 units @ Rs.2 5th Purchases 200 units @ Rs.3 10th Issues 120 units 16th Purchases 250 units @ Rs.3.20 20th Issues 150 units 31st Purchases 100 units @ Rs.3.40 February 10th Issues 300 units 15th Purchases 200 units @ Rs.3.60 20th Issues 150 units 25th Purchases 100 units @ Rs.4 From the following particulars prepare stores ledger account under (a) Simple average (b) Weighted average method January 1st Stock on hand 100 units @ Rs.2 5th Purchases 200 units @ Rs.3 10th Issues 120 units 16th Purchases 250 units @ Rs.3.20 20th Issues 150 units 31st Purchases 100 units @ Rs.3.40 February 10th Issues 300 units 15th Purchases 200 units @ Rs.3.60 20th Issues 150 units 25th Purchases 100 units @ Rs.4
Expert Answer:
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
Posted Date:
Students also viewed these accounting questions
-
From the following particulars prepare stores ledger account under (a) Simple average (b) Weighted average method Units Rate p.u. Rs. Date January 1st 5th 20th February 5th 6th March 10th 12th...
-
From the following particulates prepare stores ledger account under (i) FIFO (ii) LIFO method. March 2nd Purchases 200 units @ Rs.200 4th Issued 150 units 6th Purchases 200 units @ Rs.220 10th Issued...
-
From the following particulars find the amount of cash required for payment of wages in a factory for the month of April 2008. 1. Wages for normal hours worked Rs. 2,05,000 2. Wages for overtime...
-
Greenback Sporting, a retailer of outdoor wear and sporting equipment, is investigating an opportunity to purchase Active Lifestyle Inc. An acquisition is expected to lower overhead costs, improve...
-
What is a limitation of free cash flow in comparing one company to another?
-
Solve Problem 15.3 using a computer program. For the plane truss shown in Figure P15 -3, bar element 2 is subjected to a uniform temperature rise of T = 60 F. Let E = 30 106 psi, A = 2 in2, and a =...
-
Calculate Q in Eq. (8.32) and Eq. (8.34) for each of the two partitionings into clusters given in Fig. 8.4. Equation (8.32) Equation (8.34) Figure.8.4 Q[c] = K () 4=1 ie CajeCa kjkj 2L
-
Why do newspaper vending machines allow buyers to take more than one paper while soft drink vending machines dispense just one can of soda at a time?
-
A study investigating the relationship between study time and GPA is interested in determining whether these two variables are independent of each other Data are below. Compute the test statistic....
-
The G. Saussy Manufacturing company is putting out four new electronic components. Each of Saussy's four plants has the capacity to add one more product to its current line of electronic parts. The...
-
At a fashion retailer, there are 3 cashiers providing checkout service simultaneously. On average, customers arrive at the checkout area every 6 minutes. It has been estimated that the arrival...
-
Jason will earn $300,000 in 2018 and $600,000 in 2019. The real interest rate is 7% between 2018 and 2019, and he can borrow and lend at this rate. He has no wealth at the start of 2018 and plans to...
-
As CFO of Beavers United, you are deciding if you should add an automated billing system that is expected to speed up your collections process. One of the systems you are considering costs and...
-
Using a SWOT (strengths, weaknesses, opportunities, threats) framework, conduct a SWOT analysis and 525 or more words summary of your results as if you were the training officer for an agency where...
-
You have a call option which expires today relating to 1,000 shares in Drum Software. The strike price of the option is $70 per share. The option premium was $8 per share. Assuming that the current...
-
the company has a 70 million dollar outstanding bond issue that matures in 5 years with a semi annual coupon of 25.00 and selling price of 841.74. The company also has 5,000,000 shares of common...
-
On January 1, 2014, New Westbury Inc. acquired some of the outstanding bonds of its parent company Old Westbury Inc. The bond had a carrying value of $80,010 in the books of Old Westbury, and New...
-
Coastal Refining Company operates a refinery with a distillation capacity of 12,000 barrels per day. As a new member of Coastal's management team, you have been given the task of developing a...
-
You are hired to review the accounting records of Sheridan Corporation (a public corporation) before it closes its revenue and expense accounts as at December 31, 2014, the end of its current fiscal...
-
On May I, Bashir and Hendricks (B&H), Accountants, pays 51,200 to a landlord for one month's rent in advance for the month of May. (a) Assuming that B&H records all prepayments in (permanent) balance...
-
Rudolph Corp. is a subsidiary of Hundey Corp. The ethical accountant, working as Rudolph's controller, believes that the yearly charge for doubtful accounts for Rudolph should be 2% of net credit...
-
What is the primary business of Satyam Computer Services Ltd?
-
In January 2009, approximately how many employees did Satyam Computer Services employ?
-
When the fraud was revealed who took control of the company?
Study smarter with the SolutionInn App