Question
An organization's records for last month show the following in respect of one store's item Date Receipt units Issues units Stock units 1st 200 5th
An organization's records for last month show the following in respect of one store's item Date Receipt units Issues units Stock units 1st 200 5th 100 100 7th 400 500 19th 190 310 27th 170 140 Last month's opening stock was valued at a total of 2,900 and the receipts during the month were purchased at a cost of 17.50 per unit. The organization uses the weighted average method of valuation and calculates a new weighted average after each stores receipt. What was the total value of the issues last month?
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