A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2020 · Q231 Mark

A business uses the weighted average (AVCO) method to value its inventory. It purchased the following units of inventory. units cost per unit $ total cost $ 100 36 3600 120 48 5760 80 54 4320 After these receipts it issued 250 units to production. What was the value of the issue?

A$10980

B$11400

C$11500

D$11880

✓ Correct answer

B: $11400

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2020 Paper 1 Variant 2, question 23.

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A business uses the weighted average (AVCO) method to value its inventory. It purchased the following units of inventory. units cost per unit $ total cost $ 100 36 3600 120 48 5760 80 54 4320 After these receipts it issued 250 units to production. What was the value of the issue?

✓ Correct answer

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