Accounting 9706 · AS & A Level · Traditional costing methods

Traditional costing methods — practice question

A business values its inventory using the weighted average (AVCO) method. It bought these inventory units: 100 units at $36$ with a cost of $3600$ 120 units at $48$ with a cost of $5760$ 80 units at $54$ with a cost of $4320$ Once these items had been received, $250$ units were issued to production. What was the value of the issue?

  • A$10980$
  • B$11400$
  • C$11500$
  • D$11880$

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