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Use the information below to the answer the following question: March Units of Stock Cost Price 1 Opening stock 7000 R20 2 Purchases 19000

Use the information below to the answer the following question: March Units of Stock Cost Price 1 Opening stock 7000 R20 2 Purchases 19000 R22 8 Purchases 6000 R23 31 Sales for March 24000 Calculate the closing balance of inventory for March in Rands using the average cost method. OA. R180 000 O B. R200 000 O CR174 000 OD. R176 000

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