Accounting 9706 · AS & A Level · Traditional costing methods

Traditional costing methods — practice question

The inventory record for a business over a three-month span is shown. Inwards: January $200$ units at $10$ per unit, January $400$ units at $12$ per unit. Outwards: February $100$ units, March $400$ units. The business applies the AVCO method of inventory valuation. Calculate the value of inventory at the end of March.

  • A$1\,000$
  • B$1\,100$
  • C$1\,133$
  • D$1\,200$

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