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1.2 Calculate the value of closing inventory using the Weighted average cost inventory valuation (5 marks) method Inventory valuation The following information concerning blankets

1.2 Calculate the value of closing inventory using the Weighted average cost inventory valuation (5 marks) method Inventory valuation The following information concerning blankets appeared in the journal of Casio Traders for the month of September 2022: Date Details 1 Opening inventory 7 Purchases 16 Purchases 25 25 Purchases 31 Sales for the month Units Cost per unit 20 20 R85 23 23 R90 33 33 R95 18 R100 69 69

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