[ARESH]

@rameeza said:
A firm has the following transactions with its product R
1 jan – opening inventory: nil
1 feb – Buys 10 units at $300/unit
11 feb- Buys 12 units at $250/unit
1 Apr – sells 8 units at $400/unit
1 Aug – Buys 6 units at $200/unit
1 Dec – sells 12 units at $400/unit
The firm uses periodic weighted average cost (AVCO) to value its inventory. What is the value of the inventory at the end of the year?
A. $nil
B. $2057.12
C. $2400.00
D. $2007.20
Sir, I got the answer as option D but the answer given is B
can you explain why and how?

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