Printgo Suppliers had an inventory of 10 printers at R2 000 each on 01 March 2022. The following transactions took place during March 2022 in respect of the printers that it sells: 08 March 32 units at R2 100 each were purchased. 09 March 12 units purchased on 08 March were returned to the supplier. 20 March 20 units at R2 200 each were purchased on 20 March 2022. Printgo Suppliers sold 40 printers at R4 000 each during March 2022.
Printgo Suppliers had an inventory of 10 printers at R2 000 each on 01 March 2022. The following transactions took place during March 2022 in respect of the printers that it sells: 08 March 32 units at R2 100 each were purchased. 09 March 12 units purchased on 08 March were returned to the supplier. 20 March 20 units at R2 200 each were purchased on 20 March 2022. Printgo Suppliers sold 40 printers at R4 000 each during March 2022.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Study the information given below and calculate the value of closing inventory as at 31 March 2022
using the weighted average cost method.
INFORMATION
Printgo Suppliers had an inventory of 10 printers at R2 000 each on 01 March 2022. The following transactions took
place during March 2022 in respect of the printers that it sells:
08 March 32 units at R2 100 each were purchased.
09 March 12 units purchased on 08 March were returned to the supplier.
20 March 20 units at R2 200 each were purchased on 20 March 2022.
Printgo Suppliers sold 40 printers at R4 000 each during March 2022.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education