Accounting 9706 · AS & A Level · Traditional costing methods

Traditional costing methods — practice question

Jamal values his inventory using the AVCO system. He gives the information below: March 1: there was no opening inventory March 6: 60 units were bought at $120 per unit March 17: 100 units were bought at $116 per unit March 23: 110 units were sold for $150 per unit What was the cost of sales for March?

  • A$5875
  • B$12925
  • C$13000
  • D$18800

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