NET Computers sold 20 modems for $60 on 30 April. At that date, the stock card for the modems sold had a total of 50 modems on hand at an average cost of $45.50 each.

What is the cost of the modems recognised in the statement of financial performance? Assume the weighted average method of costing is used.

a.

$1 200

b.

$3 000

c.

$2 275

d.

$910