The following information is given for receipts and issues of a material in the month of May, 2021: Date Particulars Quantity (kg.) Rate (₹) May, 1 Balance 600 15 May, 4 Receipt 1,000 16 May, 11 Issue 400 - May, 22 Issue
CS Executive · Cost and Management Accounting · PYQS · December 2021
The following information is given for receipts and issues of a material in the month of May, 2021: Date Particulars Quantity (kg.) Rate (₹) May, 1 Balance 600 15 May, 4 Receipt 1,000 16 May, 11 Issue 400 - May, 22 Issue 500 - May, 28 Receipt 700 17 May, 31 Issue 600 - What issue price will be for the issue on 31st May, 2021, on the basis of weighted average price method ?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Material Pricing
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