Question

Calculate the weighted average price of the closing inventory as on 315 March 20X1 of the following: Date Quantity (units) Price per unit March 4 9,000 50 March 10 4,000 55 March 11 3,000 55 March 19 2,000 60 March 28 8,000 47 26,000 16,000 units were issued during the month of March till 18th March 20X1. Date Quantity (Units) March 5 5000 March 2016000 March 295000 16,000​

Answer 1

Answer:

Calculate the weighted average price of the closing inventory as on 315 March 20X1 of the following: Date Quantity (units) Price per unit March 4 9,000 50 March 10 4,000 55 March 11 3,000 55 March 19 2,000 60 March 28 8,000 47 26,000 16,000 units were issued during the month of March till 18th March 20X1. Date Quantity (Units) March 5 5000 March 2016000 March 295000 16,000

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