Question
2.1.1Weighted average cost method (Round off the weighted average cost per unit to the nearest cent and all other amounts to the nearest Rand.)(6) INFORMATION
2.1.1Weighted average cost method (Round off the weighted average cost per unit to the nearest
cent and all other amounts to the nearest Rand.)(6)
INFORMATION
The following transactions of Stannic Manufacturers took place during March 2015 in respect of a component used in production:
Mar
01
Inventory on hand
100 units @ R20 per unit
05
Issued to production
80 units
16
Purchased from supplier
500 units @ R22 per unit
19
Issued to production
200 units
20
Returned to supplier (see purchase on 16 March)
150 units
25
Purchased from supplier
140 units @ R24 per unit
30
Issued to production
220 units
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