The Pink Lady Company incurred the following transactions during the month of June: 04 June Purchased 1 500 units at R90 each 10 June Issued 1 200 units 16 June Issued 800 units 20 June Purchased 2 000 units at a total value of R150 000 25 June Issued 1 000 units 28 June Issued 900 units 30 June Purchased 1 000 units at R110 each The opening stock for June was 1 000 units at a total value of R100 000. The company uses a weighted average method to valuate their inventory and applies a perpetual accounting system. Required:  Calculate the value of the closing stock at the end of June.

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