from the following details of stores receipts and issues of material abc in a manufa 556037

From the following details of stores receipts and issues of material ABC in a manufacturing unit, prepare the stock ledger using the weighted average method of valuing the issues:

1 January

Opening stock is 2,000 units at Rs 2.50 each

3 January

Issued 1,500 units to production

4 January

Received 4,500 units at Rs 3 each

8 January

Issued 1,600 units to production

9 January

Returned to stores 100 units by production department (from the issue of 3 January)

16 January

Received 2,400 units at Rs 3.25 each

19 January

Returned to the supplier 200 units out of the quantity received on 4 January

20 January

Received 1,000 units at Rs 3.50 each

24 January

Issued to production 2,100 units

27 January

Received 1,200 units at Rs 3.75 each

29 January

Issued to production 2,800 units

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