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1 . Gainworld entered into the following transactions for the year ended 3 1 December 2 0 2 3 : DATESPRODUCT XUNITSCOST / UNITTOTAL RR
Gainworld entered into the following transactions for the year ended December : DATESPRODUCT XUNITSCOSTUNITTOTAL RR Jan Opening stock June purchases June Trade discount June Transport cost June Offloading cos August sales It was detected at the end of the year that units of the inventory have been damaged and could only be sold for R per unit. The company has adopted the weighted average method to keep track of its inventory. Required: Pass journal entry to record the cost of inventory is marksQuestion Answera.a Debit bank, credit inventory Rba Debit inventory, credit creditors Rca Debit creditors, credit inventory Rda Debit inventory, credit Bank R
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