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You were awarded a tender to supply data bundle packages to the tertiary institution students. At the beginning of 2021, 1st January, there were 400
You were awarded a tender to supply data bundle packages to the tertiary institution students. At the beginning of 2021, 1st January, there were 400 data bundle packages worth N$160 000. Below are the transactions for January 12 Jan: Cash purchases from MTC Namibia: 112 @ N$425 per data bundle package. Credit purchases from Telecom Namibia: 65 data bundle packages @ total of N$29 110 Jan: 250. Returns to MTC Namibia 45 data bundle packages that was purchased on the 2 12 Jan: Jan, which were destroyed by thunderstorms. 13 Jan: 420 data bundle packages were sold @ N$650 per package. 15 data bundle were donated to NUST students who came from disadvantaged 15 Jan: families as part of corporate social responsibility. 20 Jan: Data bundle packages returned to MTC on the 12 Jan were replaced. 20 of the Data bundle packages sold on 13 Jan were return, due to manufacture 25 Jan: deficiencies. The firm uses the weighted average method for inventory valuation NB: Round off your final answers to nearest N$ Determine the closing inventory value for the month of Jan
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