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

A

Rs 33,333.33

B

Rs 16,666.66

C

Rs 66,666.67

D

Rs 96,666.66.