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A company has a opening invntory of 300 units valued £25 per unit at the beginning of jan. the following receipts and sales were recorded during jan
Date. 2 jan. 12 jan. 21 jan. 29 jan
400on 12th jan
Issues. 250. 200. 75The purchase cost of receipt was £25.75 per unit. Using a weighted average method of valuation, calculate the value of closing inventory at the end of January .
In the answer they make this so complicated. I have watched the video on this topic but I m being confused in applying . I appreciate ur way of solving as its time saving and understandable too. Can u plz help me in solving this then I can get the point of how to calculate this type of question.
Thank you sir.
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