### Simple average method and weighted average method

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##### Reference no: EM13527525

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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