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A business has 600 units of inventory at year end 31 December 2016 valued at 27,000. During the year to 31 December 2017 the following
A business has 600 units of inventory at year end 31 December 2016 valued at 27,000. During the year to 31 December 2017 the following transactions occur: Purchased 800 units @ 50 Sold 1,000 units Purchased 400 units Jan each March June each July November each @ 52 Sold 200 units Purchased 100 units @ 55 What is the value of the Inventory at 31 December 2017 using a continuous weighted average cost valuation method? 35,458 1 2 36,300 3 32,000 4 34,378
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