Weighted average price after receipts of 100 units at ₹10 and 200 units at ₹13 is:
A₹11
B₹12
C₹11.50
D₹12.50
Answer & Solution
Correct answer: B. ₹12
1. Weighted average price = total cost of materials in stock divided by total units in stock.
2. Total cost = (100 × 10) + (200 × 13) = 1,000 + 2,600 = 3,600.
3. Total units = 100 + 200 = 300.
4. Weighted average price = 3,600 / 300 = ₹12 per unit.
_Source: ICAI BoS Inter Paper 3, Ch 2 "Material Cost", §2.7 Illus 15_
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