Question
ASAP The company Beta uses weighted average for inventories (under IFRS). In the company the weighted average is calculated on continuous basis. There are know
ASAP
The company Beta uses weighted average for inventories (under IFRS). In the company the weighted average is calculated on continuous basis. There are know following information:
a. at the beginning of May your company has 1980 units of good A measured at 2760 PLN/unit.
b. on May 4th your company purchased 3210 units of good A at 3260 PLN/unit.
c. on May 14th your company sold 3230 units of good A at 5240 PLN/unit. The amount 5240 PLN is selling price of one unit of A.
d. on May 28th your company purchased additional 1470 of A at 2740 PLN/unit.
Calculate the value of 1 unit of A in the warehouse at the end of the month.
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