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Q2. From the following data, calculate the cost of Goods sold and closing inventory under the weighted average cost method:March 1: Stock in hand: 500 Units @ Rs 9 eachPurchases:March 3: 500 Units @Rs 11 EachMarch 10: 1000 Units @ Rs 12 EachMarch 18: 600 [email protected] Rs 10 EachMarch 24: 500 Units @ Rs 12 EachMarch 30: 400 Units @ Rs 13 EachSales:March 2: 400 UnitsMarch 9: 500 UnitsMarch 16: 900 UnitsMarch 23: 500 UnitsMarch 31: 600 Units(3 Marks) |
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Answer» Q2. From the following data, CALCULATE the cost of Goods sold and closing inventory UNDERTHE weighted average cost method:March 1: Stock in hand: 500 Units @ Rs 9 eachPurchases:March 3: 500 Units @Rs 11 EachMarch 10: 1000 Units @ Rs 12 EachMarch 18: 600 [EMAIL protected] Rs 10 EachMarch 24: 500 Units @ Rs 12 EachMarch 30: 400 Units @ Rs 13 EachSales:March 2: 400 UnitsMarch 9: 500 UnitsMarch 16: 900 UnitsMarch 23: 500 UnitsMarch 31: 600 Units(3 Marks) |
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