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1st May 2023: Opening inventory: 4 units at R10 000 each 15th May 2023: Purchases: 8 units at R25 000 each 31st May 2023: Sales:

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1st May 2023: Opening inventory: 4 units at R10 000 each 15th May 2023: Purchases: 8 units at R25 000 each 31st May 2023: Sales: 9 units Applying the weighted average cost formula to the above information, the cost of closing inventory as at close of business on 31 May 2023 would be

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