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USING THE WEIGHTED AVERAGE METHOD (Note: Round off the average cost per unit to the nearest cent and other amounts to the nearest Rand.) 1.1.5
USING THE WEIGHTED AVERAGE METHOD (Note: Round off the average cost per unit to the nearest cent and other amounts to the nearest Rand.) 1.1.5 Weighted average cost per unit on 16 March 1.1.6 Value of returns on 20 March 1.1.7 Value of issues on 18 March 1.1.8 Total value of issues to production for March. (2) (2) Note: Tables may be used to as part of your workings but the answers to each of the above questions must also be supplied separately. INFORMATION The following transactions of Ascar Manufacturers took place during March 2020 in respect of a component used in production at Project M: Mar 01 05 16 18 20 23 27 Opening inventory Issued to production Purchased from a supplier Issued to production Returned to the supplier (see 16 March 2020) Purchased from a supplier Issued to production 200 units @ R9 per unit 100 units 400 units @ R10 per unit 300 units 100 units 900 units @ R11 per unit 500 units
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