Good Evening John,
I am struggling on where the figure 7058 came from.
Units $
Op. Inventory 300x25 300 7500
Issue on 2nd Jan 250x25 (250) (6250)
50 1250
Receipt on 12th Jan 400 10,300 (400 x 25.75)
450 11,550
Issues on 21 and 29 Jan (275) (7058)
(11550/450)x(200+75) 175 4492
Many thanks
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Weighted Average BPP Revision Kit Question
4y ago#1After the 12 Jan receipt there were 450 units with a cost of $11,550.
Therefore the average cost per unit is 11,550/450.
They issued a total of 275 units, and therefore the cost of these is 275 x 11,550/450 = $7058
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