Stores Ledger – NBC Institute

MI – Nov 2023 – L1 – SB – Q1 – Costing Methods

Create a stores ledger using the weighted average method based on given inventory transactions.

Question

The stores data of ABC Limited for the month of July is as follows:

Required:
Prepare the store ledger account in tabular form using the weighted Average Price Method, showing daily balances as a memorandum on the table. Show workings

Answer

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Tags: Cost Accounting, Inventory Management, Stores Ledger, Weighted Average Method
Level: Level 1

Topic: Costing Methods
Series: NOV 2023

Question Tag: Stores Ledger

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MI – Nov 2023 – L1 – SB – Q1 – Costing Methods

Create a stores ledger using the weighted average method based on given inventory transactions.

MI – Nov 2023 – L1 – SB – Q1 – Costing Methods

Create a stores ledger using the weighted average method based on given inventory transactions.

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Question Tag: Stores Ledger

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MI – Nov 2023 – L1 – SB – Q1 – Costing Methods

Create a stores ledger using the weighted average method based on given inventory transactions.

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MI – Nov 2023 – L1 – SB – Q1 – Costing Methods

Create a stores ledger using the weighted average method based on given inventory transactions.

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