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Question 7 - Acc_906 49136.1.1 An organization's records for last month show the following in respect of one store's item: Issues units Stock units Date
Question 7 - Acc_906 49136.1.1 An organization's records for last month show the following in respect of one store's item: Issues units Stock units Date Receipt units 1st 200 5th 100 100 7th 400 500 19th 190 310 27th 170 140 Last month's opening stock (inventory) was valued at a total of C2,900 and the receipts during the month were purchased at a cost of C17.50 per unit. The organization uses the weighted average method of valuation and calculates a new weighted average after each store's receipt. What was the total value of the issues last month
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