JM Ltd had the following material transactions during November. Number of units Cost per unit Opening balance 1 November 20 4.00 Receipt 8 November 140 4.40 Issues 12 November 80 Receipt 18 November 100 4.60 Issues 26 November 140 Calculate the value of inventory on hand at 8 November using the Weighted Average Cost (WACO) cost method to the nearest dollar.
JM Ltd had the following material transactions during November.
Number of units Cost per unit
Opening balance 1 November 20 4.00
Receipt 8 November 140 4.40
Issues 12 November 80
Receipt 18 November 100 4.60
Issues 26 November 140
Calculate the value of inventory on hand at 8 November using the Weighted Average Cost (WACO) cost method to the nearest dollar.
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