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WhyZet Limited is a retailer that has adopted a perpetual inventory system and a weighted average cost flow assumption. At the beginning of January 2022,
WhyZet Limited is a retailer that has adopted a perpetual inventory system and a weighted average cost flow assumption. At the beginning of January 2022, there were 100 units of merchandise in inventory. The total value of opening inventory was R4 500. During January 850 units at R46, each were purchased. During January 880 units were sold. . The closing inventory on 31 January 2022 amounts to (Round off your weighted average unit cost to nearest two decimals where applicable)
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