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from the following information, prepare the store ledger account based on simple average method of pricing issue:2014March 1 opening balance 1000 units @ ₹60 p.u.March 3 issue 140 unitsMarch 4 issue 250 units March 8 issue 210 unitsMarch 13 received from vendor 400 units at ₹59 p.u.March 14 refund of surplus from a work order 30 units at ₹ 58 p.u.March 16 issue 350 units March 20 received from vendor 480 units at ₹ 62 p.u.March 24 issue 608 unitMarch 25 received from vendor 640 units at ₹60 p.u.March 26 issue 524 unitsMarch 28 refund of surplus from a work order 24 units (issued on 3rd march, 2014) March 31 received from vendor 150 units at ₹ 64 p.u.
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Date Description Inward Qty Outward Qty Balance Qty Rate Amount
Mar 1 Opening Balance 1000 1000 ₹60 ₹60,000
Mar 3 Issue 140 860 ₹60 ₹51,600
Mar 4 Issue 250 610 ₹60 ₹36,600
Mar 8 Issue 210 400 ₹60 ₹24,000
Mar 13 Received from Vendor 400 800 ₹59 ₹47,200
Mar 14 Refund of Surplus from a Work Order 30 830 ₹58 ₹48,040
Mar 16 Issue 350 480 ₹58 ₹27,040
Mar 20 Received from Vendor 480 960 ₹60 ₹57,600
Mar 24 Issue 608 352 ₹60 ₹21,120
Mar 25 Received from Vendor 640 992 ₹60 ₹59,520
Mar 26 Issue 524 468 ₹60 ₹28,080
Mar 28 Refund of Surplus from a Work Order 24 1008 ₹60 ₹36,480
Mar 31 Received from Vendor 150 1158 ₹64 ₹73,920

Store Ledger Account based on Simple Average Method of Pricing Issue:

Closing Balance as on March 31, 2014: 1158 units

Total Value of Closing Balance: ₹73,920

Average Cost per unit: ₹64.00
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from the following information, prepare the store ledger account based on simple average method of pricing issue:2014March 1 opening balance 1000 units @ ₹60 p.u.March 3 issue 140 unitsMarch 4 issue 250 units March 8 issue 210 unitsMarch 13 received from vendor 400 units at ₹59 p.u.March 14 refund of surplus from a work order 30 units at ₹ 58 p.u.March 16 issue 350 units March 20 received from vendor 480 units at ₹ 62 p.u.March 24 issue 608 unitMarch 25 received from vendor 640 units at ₹60 p.u.March 26 issue 524 unitsMarch 28 refund of surplus from a work order 24 units (issued on 3rd march, 2014) March 31 received from vendor 150 units at ₹ 64 p.u. Related: FIFO, LIFO & Weighted Average - Material Cost, Cost Accounting?
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from the following information, prepare the store ledger account based on simple average method of pricing issue:2014March 1 opening balance 1000 units @ ₹60 p.u.March 3 issue 140 unitsMarch 4 issue 250 units March 8 issue 210 unitsMarch 13 received from vendor 400 units at ₹59 p.u.March 14 refund of surplus from a work order 30 units at ₹ 58 p.u.March 16 issue 350 units March 20 received from vendor 480 units at ₹ 62 p.u.March 24 issue 608 unitMarch 25 received from vendor 640 units at ₹60 p.u.March 26 issue 524 unitsMarch 28 refund of surplus from a work order 24 units (issued on 3rd march, 2014) March 31 received from vendor 150 units at ₹ 64 p.u. Related: FIFO, LIFO & Weighted Average - Material Cost, Cost Accounting? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about from the following information, prepare the store ledger account based on simple average method of pricing issue:2014March 1 opening balance 1000 units @ ₹60 p.u.March 3 issue 140 unitsMarch 4 issue 250 units March 8 issue 210 unitsMarch 13 received from vendor 400 units at ₹59 p.u.March 14 refund of surplus from a work order 30 units at ₹ 58 p.u.March 16 issue 350 units March 20 received from vendor 480 units at ₹ 62 p.u.March 24 issue 608 unitMarch 25 received from vendor 640 units at ₹60 p.u.March 26 issue 524 unitsMarch 28 refund of surplus from a work order 24 units (issued on 3rd march, 2014) March 31 received from vendor 150 units at ₹ 64 p.u. Related: FIFO, LIFO & Weighted Average - Material Cost, Cost Accounting? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for from the following information, prepare the store ledger account based on simple average method of pricing issue:2014March 1 opening balance 1000 units @ ₹60 p.u.March 3 issue 140 unitsMarch 4 issue 250 units March 8 issue 210 unitsMarch 13 received from vendor 400 units at ₹59 p.u.March 14 refund of surplus from a work order 30 units at ₹ 58 p.u.March 16 issue 350 units March 20 received from vendor 480 units at ₹ 62 p.u.March 24 issue 608 unitMarch 25 received from vendor 640 units at ₹60 p.u.March 26 issue 524 unitsMarch 28 refund of surplus from a work order 24 units (issued on 3rd march, 2014) March 31 received from vendor 150 units at ₹ 64 p.u. Related: FIFO, LIFO & Weighted Average - Material Cost, Cost Accounting?.
Solutions for from the following information, prepare the store ledger account based on simple average method of pricing issue:2014March 1 opening balance 1000 units @ ₹60 p.u.March 3 issue 140 unitsMarch 4 issue 250 units March 8 issue 210 unitsMarch 13 received from vendor 400 units at ₹59 p.u.March 14 refund of surplus from a work order 30 units at ₹ 58 p.u.March 16 issue 350 units March 20 received from vendor 480 units at ₹ 62 p.u.March 24 issue 608 unitMarch 25 received from vendor 640 units at ₹60 p.u.March 26 issue 524 unitsMarch 28 refund of surplus from a work order 24 units (issued on 3rd march, 2014) March 31 received from vendor 150 units at ₹ 64 p.u. Related: FIFO, LIFO & Weighted Average - Material Cost, Cost Accounting? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
Here you can find the meaning of from the following information, prepare the store ledger account based on simple average method of pricing issue:2014March 1 opening balance 1000 units @ ₹60 p.u.March 3 issue 140 unitsMarch 4 issue 250 units March 8 issue 210 unitsMarch 13 received from vendor 400 units at ₹59 p.u.March 14 refund of surplus from a work order 30 units at ₹ 58 p.u.March 16 issue 350 units March 20 received from vendor 480 units at ₹ 62 p.u.March 24 issue 608 unitMarch 25 received from vendor 640 units at ₹60 p.u.March 26 issue 524 unitsMarch 28 refund of surplus from a work order 24 units (issued on 3rd march, 2014) March 31 received from vendor 150 units at ₹ 64 p.u. Related: FIFO, LIFO & Weighted Average - Material Cost, Cost Accounting? defined & explained in the simplest way possible. Besides giving the explanation of from the following information, prepare the store ledger account based on simple average method of pricing issue:2014March 1 opening balance 1000 units @ ₹60 p.u.March 3 issue 140 unitsMarch 4 issue 250 units March 8 issue 210 unitsMarch 13 received from vendor 400 units at ₹59 p.u.March 14 refund of surplus from a work order 30 units at ₹ 58 p.u.March 16 issue 350 units March 20 received from vendor 480 units at ₹ 62 p.u.March 24 issue 608 unitMarch 25 received from vendor 640 units at ₹60 p.u.March 26 issue 524 unitsMarch 28 refund of surplus from a work order 24 units (issued on 3rd march, 2014) March 31 received from vendor 150 units at ₹ 64 p.u. Related: FIFO, LIFO & Weighted Average - Material Cost, Cost Accounting?, a detailed solution for from the following information, prepare the store ledger account based on simple average method of pricing issue:2014March 1 opening balance 1000 units @ ₹60 p.u.March 3 issue 140 unitsMarch 4 issue 250 units March 8 issue 210 unitsMarch 13 received from vendor 400 units at ₹59 p.u.March 14 refund of surplus from a work order 30 units at ₹ 58 p.u.March 16 issue 350 units March 20 received from vendor 480 units at ₹ 62 p.u.March 24 issue 608 unitMarch 25 received from vendor 640 units at ₹60 p.u.March 26 issue 524 unitsMarch 28 refund of surplus from a work order 24 units (issued on 3rd march, 2014) March 31 received from vendor 150 units at ₹ 64 p.u. Related: FIFO, LIFO & Weighted Average - Material Cost, Cost Accounting? has been provided alongside types of from the following information, prepare the store ledger account based on simple average method of pricing issue:2014March 1 opening balance 1000 units @ ₹60 p.u.March 3 issue 140 unitsMarch 4 issue 250 units March 8 issue 210 unitsMarch 13 received from vendor 400 units at ₹59 p.u.March 14 refund of surplus from a work order 30 units at ₹ 58 p.u.March 16 issue 350 units March 20 received from vendor 480 units at ₹ 62 p.u.March 24 issue 608 unitMarch 25 received from vendor 640 units at ₹60 p.u.March 26 issue 524 unitsMarch 28 refund of surplus from a work order 24 units (issued on 3rd march, 2014) March 31 received from vendor 150 units at ₹ 64 p.u. Related: FIFO, LIFO & Weighted Average - Material Cost, Cost Accounting? theory, EduRev gives you an ample number of questions to practice from the following information, prepare the store ledger account based on simple average method of pricing issue:2014March 1 opening balance 1000 units @ ₹60 p.u.March 3 issue 140 unitsMarch 4 issue 250 units March 8 issue 210 unitsMarch 13 received from vendor 400 units at ₹59 p.u.March 14 refund of surplus from a work order 30 units at ₹ 58 p.u.March 16 issue 350 units March 20 received from vendor 480 units at ₹ 62 p.u.March 24 issue 608 unitMarch 25 received from vendor 640 units at ₹60 p.u.March 26 issue 524 unitsMarch 28 refund of surplus from a work order 24 units (issued on 3rd march, 2014) March 31 received from vendor 150 units at ₹ 64 p.u. Related: FIFO, LIFO & Weighted Average - Material Cost, Cost Accounting? tests, examples and also practice B Com tests.
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