(Answered) The following transactions occur in the purchase and issue

Accounting

The following transactions occur in the purchase and issue of a material:

2 January	Purchased	4,000 units at Rs 4.00 per unit
20	Purchased	500 units at Rs 5.00 per unit
5 February	Issued	2,000 units
10	Purchased	6,000 units at Rs 6.00 per unit
12	Issued	4,000 units
2 March	Issued	1,000 units
5	Issued	2,000 units
15	Purchased	4,500 units at Rs 5.50 per unit
20	Issued	3,000 units

Prepare stores ledger account using the (a) simple average method and (b) weighted average method.

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