Jesus saves stock records show the following transactions for a specific item during last month: The organization made issues of inventory on 5th, 19th and 27th of 100 units, 190 units and 170 units respectively whiles it received 400 units on 7th at the price of GHC17.5 per unit. The opening inventory was 200 units valued at GHC2900. It is known that one of the items is damaged and will need a repair of GHC5 before it is sold for GHC25. Using the weighted average method, the total value of closing inventory for last month is? A. 3266 units B. 2963 units C. 2366 units D. 2369 units

Jesus saves stock records show the following transactions for a specific item during last month: The organization made issues of inventory on 5th, 19th and 27th of 100 units, 190 units and 170 units respectively whiles it received 400 units on 7th at the price of GHC17.5 per unit. The opening inventory was 200 units valued at GHC2900. It is known that one of the items is damaged and will need a repair of GHC5 before it is sold for GHC25. Using the weighted average method, the total value of closing inventory for last month is? A. 3266 units B. 2963 units C. 2366 units D. 2369 units

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Description: Jesus saves stock records show thefollowing transactions for a specific itemduring last month: The organizationmade issues of inventory on 5th, 19thand 27th of 100 units, 190 units and 170units respectively whiles it received 400units on 7th at the

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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