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