Accounting 9706 · AS & A Level · Traditional costing methods

Traditional costing methods — practice question

A business applies the AVCO method to value inventory. These transactions occurred: 1 March: 1000 units were bought at $65 per unit 2 March: 1200 units were bought at $66 per unit 4 March: 1850 units were sold at $68 per unit What is the value of closing inventory?

  • A$22750$
  • B$22941$
  • C$23100$
  • D$23800$

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