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Celtic Manufacturers 01-Feb Stock on Hand 300 units @ 17r per unit 07-Feb Issued to production 210 units 14-Feb purchased from supplier 900 units @
| Celtic Manufacturers | ||
| 01-Feb | Stock on Hand | 300 units @ 17r per unit |
| 07-Feb | Issued to production | 210 units |
| 14-Feb | purchased from supplier | 900 units @ 17.50r per unit |
| 15-Feb | Issued to production | 350 units |
| 16-Feb | returned to supplier (purchased 0n 14 feb) | 60 units |
| 25-Feb | Issued to production | 400 units |
Using the weighted average cost method, teh weighted average price per unit(rounded off to the nearest cent) of the inventory on hand as of 14th feb 2021 is?
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Management Accounting
Authors: Will Seal, Carsten Rohde, Ray Garrison, Eric Noreen
6th Edition
0077185536, 978-0077185534
