A.V. Co. had a stock of 200 digital hammers at 31 May. The hammers were valued at

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A.V. Co. had a stock of 200 digital hammers at 31 May. The hammers were valued at $5 each.

Transactions in digital hammers in the month of June were as follows.

Required

Calculate the closing stock of digital hammers at 30 June showing quantity and total value based on weighted average cost.

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Accounting A Level And AS Level

ISBN: 9780521539937

1st Edition

Authors: Harold Randall

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Question Posted: Aug 28, 2023 01:52 PM

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A.V. Co. had a stock of 200 digital hammers at 31 May. The hammers were valued at

Question:

Date received June 4 10 13 20 26 30 Quantity 100 100 80 Price per hammer ($) 5.20 5.35 5.40 Sold Quantity 75 150 90

Step by Step Answer:

Calculate the cost of the opening stock on June 1 Quantity 200 Cost per hammer 5 Total cost 200 5 10...View the full answer

Accounting A Level And AS Level

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