Amaze Ltd. had an opening inventory of 5,000 units costing ₹5 per unit on 1 st April, 2016. Following receipts and issues took place in April, 2016: 5 th April, 2016 : Purchased 800 units @ ₹8 per unit 12 th April, 2016
CS Executive · Cost and Management Accounting · PYQS · December 2016
Amaze Ltd. had an opening inventory of 5,000 units costing ₹5 per unit on 1 st April, 2016. Following receipts and issues took place in April, 2016: 5 th April, 2016 : Purchased 800 units @ ₹8 per unit 12 th April, 2016 : Purchased 200 units @ ₹8 per unit 15 th April, 2016 : Issued 3,000 units 25 th April, 2016 : Purchased 1,000 units @ ₹9 per unit Cost of inventory as on 30 th April, 2016 under weighted average basis will be —
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Cost Accounting
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