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Commerce · Q219

Costing

Graduate and Post Graduate · Commerce · question 219

Q219

"Calculate the value of closing stock from the following according to Weighted Average method: 1st January, 20XX: Opening balance: 50 units @ Rs 4 Receipts: 5th January, 20XX: 100 units @ Rs 5 12th January, 20XX: 200 units @ Rs 450 Issues: 2nd January, 20XX: 30 units 18th January, 20XX: 150 units"

A.
Rs. 765
B.
Rs. 805
C.
Rs. 786
Answer
D.
Rs. 700

Answer: Option C

Solution

Answer: Option C
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