Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kwaku the traveler ltd's stock records show the following transactions for a specific item during last month: The organization made issues of inventory on 5th,

Kwaku the traveler ltd's stock records show the following transactions for a specific item during last month: The organization made issues of inventory on 5th, 19th and 27th of 100 units, 190 units and 170 units respectively whiles it received 400 units on 7th at the price of GHC17.5 per unit. The opening inventory was 200 units valued at GHC2900. 

Using the weighted average method, the total value of closing inventory for last month is?

 

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Answer To calculate the total value of the closing inventory using the weighted average method we ne... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management and Cost Accounting

Authors: Colin Drury

10th edition

1473748873, 9781473748910 , 1473748917, 978-1473748873

More Books

Students also viewed these Accounting questions

Question

(2.5, -4.5) Plot the given points in a coordinate system.

Answered: 1 week ago