The following transactions occur in the purchase and issue of a material:
|
2 January
|
Purchased
|
4,000 units at Rs 4.00 per unit
|
|
20
|
Purchased
|
500 units at Rs 5.00 per unit
|
|
5 February
|
Issued
|
2,000 units
|
|
10
|
Purchased
|
6,000 units at Rs 6.00 per unit
|
|
12
|
Issued
|
4,000 units
|
|
2 March
|
Issued
|
1,000 units
|
|
5
|
Issued
|
2,000 units
|
|
15
|
Purchased
|
4,500 units at Rs 5.50 per unit
|
|
20
|
Issued
|
3,000 units
|
Prepare stores ledger account using the (a) simple average method and (b) weighted average method.