Attempt any ONE out of the two sub parts i.e. either (i) or (ii). (i) The following details are available of raw material of a manufacturing unit:…

(a) (i) (a) Weighted Average basis Calculation of the value of Inventory as on 31-5-2025 Date Receipts Issues Balance Units Rate Amount (₹) Units Rate Amount Units Rate Amount (₹) 1-5-25 Balance 100 15 1,500 2-5-25 300 21 6,300 400 19.5 7,800 5-5-25 250 19.5 4,875 150 19.5 2,925 16-5-25 500 22.8 11,400 650 22.04 14,326 21-5-25 100 22.04 2,204 550 22.04 12,122 25-5-25 450 22.04 9,918 100 22.04 2,204 Therefore, the value of Inventory is as follows: Value as per Weighted Method as on 31-5-2025: 100 units @22.04 = 2,204 (b) First-in-First out basis Calculation of the value of Inventory as on 31-5-2025 Date Receipts Issues Balance Units Rate Amount (₹) Units Rate Amount Units Rate Amount (₹) 1-5-25 Balance 100 15 1,500 2-5-25 300 21 6,300 100 15 1,500 300 21 6,300 5-5-25 100 15 1,500 150 21 3,150 150 21 3,150 16-5-25 500 22.8 11,400 150 21 3,150 500 22.8 11,400 21-5-25 100 21 2,100 50 21 1,050 500 22.8 11,400 25-5-25 50 21 1,050 400 22.8 9,120 100 22.8 2,280 Therefore, the value of Inventory as on 31-5-2025 will be as follows: Value of Inventory as per FIFO Method: 100 units @22.8 = 2,280 Working Note: (i) Per unit cost of raw material purchased on May 2,2025 = (300 x 18 + 600 + 300) / 300 = 21 (ii) Per unit cost of raw material purchased on May 16,2025 = (500 x 21 + 600 + 300) / 500 = 22.8 Note: Freight and unloading charges are directly attributable cost and are necessary to bring the inventory into present location and condition hence are included in the cost of inventory. OR / Alternative Solution: (ii) In the Books of Mr. Viom Manufacturing Account for the Year ended 31.03.2025 Particulars Units Amount ₹ Particulars Units Amount ₹ To Opening Work-in-Process 27,000 78,000 By Closing Work-in-Process 42,000 1,44,000 To Raw Materials Consumed: By Trading A/c - Cost of finished goods transferred 15,00,000 58,00,800 Opening Inventory 7,80,000 Add: Purchases 24,60,000 32,40,000 Less: Closing Inventory (9,60,000) 22,80,000 To Direct Wages – W.N. (1) 12,16,800 To Direct expenses: Hire charges on Machinery – W.N. (2) 10,50,000 To Indirect expenses: Hire charges of Factory 7,80,000 Repairs & Maintenance 5,40,000 59,44,800 59,44,800 Working Notes: (1) Direct Wages – 15,00,000 units @0.80 = 12,00,000 42,000 units @0.40 = 16,800 12,16,800 (2) Hire charges on Machinery – 15,00,000 units @0.70 = 10,50,000