The following details are available of raw material of a manufacturing unit: 1-5-2026 Opening Inventory 100 units @ ₹ 15 per unit 2-5-2026 Purchases…

Calculation of the value of Inventory as on 31-5-2026 Date Receipts Issues Balance Units Rate Amount (₹) Units Rate Amount (₹) Units Rate Amount (₹) 1-5-26 Balance 100 15 1,500 2-5-26 300 21 6,300 400 19.5 7,800 5-5-26 250 19.5 4,875 150 19.5 2,925 16-5-26 500 22.8 11,400 650 22.04 14,326 21-5-26 100 22.04 2,204 550 22.04 12,122 25-5-26 450 22.04 9,918 100 22.04 2,204 Therefore, the value of Inventory is as follows: Value as per Weighted Method as on 31-5-2026: 100 units @ ₹ 22.04 = ₹ 2,204 Working Note: (i) Per unit cost of raw material purchased on May 2,2026 = (300 x 18 + 600 + 300) / 300 = ₹ 21 (ii) Per unit cost of raw material purchased on May 16,2026 = (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.