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Calculate the value of closing stock from the following according to Weighted Average method: 1st January, 2023: Opening balance: 50 units @ R4 Receipts: 5th January, 2023: 100 units @ R5 12th January, 2023: 200 units @ R 4.50 Issues: 2nd January, 2023: 30 units 18th January, 2023: 150 units OA. 805 O B. 765 O C. 786 O D. 700

Calculate the value of closing stock from the following according to Weighted Average method: 1st January, 2023: Opening balance: 50 units @ R4 Receipts: 5th January, 2023: 100 units @ R5 12th January, 2023: 200 units @ R 4.50 Issues: 2nd January, 2023: 30 units 18th January, 2023: 150 units OA. 805 O B. 765 O C. 786 O D. 700

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Calculate the value of closing stock from the following according to Weighted Average method: 1st January, 2023: Opening balance: 50 units @ R4 Receipts: 5th January, 2023: 100 units @ R5 12th January, 2023: 200 units @ R 4.50 Issues: 2nd January, 2023: 30 units 18th January, 2023: 150 units OA. 805 O B. 765 O C. 786 O D. 700
Transcribed Image Text:Calculate the value of closing stock from the following according to Weighted Average method: 1st January, 2023: Opening balance: 50 units @ R4 Receipts: 5th January, 2023: 100 units @ R5 12th January, 2023: 200 units @ R 4.50 Issues: 2nd January, 2023: 30 units 18th January, 2023: 150 units OA. 805 O B. 765 O C. 786 O D. 700
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