Accounting 9706 · AS & A Level · Traditional costing methods

Traditional costing methods — practice question

An enterprise applies the weighted average cost (AVCO) method when valuing inventory. Over March, these transactions occurred: opening inventory of $200$ units at $\$6.00$ per unit; $300$ units were received at $\$6.50$ per unit; $250$ units were issued to production; $100$ units were received at $\$6.70$ per unit. What is the inventory value at $31$ March?

  • A$\$2195$
  • B$\$2245$
  • C$\$2295$
  • D$\$2450$

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