"Calculate the value of closing stock from the following according to Weighted Average method:
1st January, 20XX: Opening balance: 50 units @ Rs 4
Receipts:
5th January, 20XX: 100 units @ Rs 5
12th January, 20XX: 200 units @ Rs 450
Issues:
2nd January, 20XX: 30 units
18th January, 20XX: 150 units"
A. Rs. 765
B. Rs. 805
C. Rs. 786
D. Rs. 700
Answer: Option C
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Related Questions on Costing
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B. financial audit.
C. cost ascertainment.
D. profit analysis.
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C. transport firms
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The cost which is to be incurred even when a business unit is closed is a _____.
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Question itself wrong. Give the correct figures on 12th jan