please help
An organisation’s records for last month show the following in respect of one stores item:
Date Receipts Issues Stock
units units units
1st 200
5th 100 100
7th 400 500
19th 190 310
27th 170 140
Last month’s opening stock was valued at a total of £2,900 and the receipts during
the month were purchased at a cost of £17·50 per unit.
The organisation uses the weighted average method of valuation and calculates a
new weighted average after each stores receipt.
What was the total value of the issues last month?
A £7,360
B £7,534
C £7,590
D £7,774
Ask the Tutor ACCA MA
AVCO
12y ago#1It will be difficult to write up a full answer here.
Best is to watch the lecture on AVCO. It is in the Paper F3 lectures on inventories.
Actually nsir I know how to do it but im stuck with purchases
12y ago#3every time they buy any, you increase the units and increase the total cost at $17.50 per unit.
Thank you sir thanks a lot I have passed my f2 exams as well :D
12y ago#5That's great - congratulations :-)
Yaa now got only f1 left hope will passed this one too
12y ago#7I'm sure you will :-)
yupss hope so
12y ago#9:-)
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