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A local manufacturer, who deals with gasolene products, maintains his inventory record using weighted average method. Assuming that the prices would go up, he purchased

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A local manufacturer, who deals with gasolene products, maintains his inventory record using weighted average method. Assuming that the prices would go up, he purchased gasolene on different dates and stored it, to be sold for a higher price. Below are the transactions that were recorded by him in the month September 2022. 02-Sep Purchased 1,200 Itrs. @1.15 pre Itr. 05-Sep Purchased 1,000 Itrs. @1.20 per Itr. 08-Sep Purchased 1,500 Itrs. @1.15 per Itr. 13-Sep Issued 2,000 Itrs. to production 19-Sep Purchased 1,200 Itrs. @1.25 per Itr. 22-Sep purchases 1,000 Itrs. @1.30 per Itr 25-Sep Issued 2,000 Itrs. To production 28-Sep Purchased 800 Itrs. @1.40 per Itr. 30-Sep Purchased 1,000 Itrs. @1.50 per Itr. Please find the value of his closing inventory and value of the issues using weighted average method

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