Question 90

A company madethe purchasesof an item duringits financial year.
January 2007 -200 @ Rs. 50 each
May 2007 — 400 @ Rs. 60 each
August 2007 — 600 @ Rs. 70 each
November 2007 — 300 @ Rs. 80 each
Closing inventories were 500articles.
Find out the value of closing stock as per Weighted Average Method

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