The following information relates to material ST 2: Required: Calculate the value of closing stock at 28

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The following information relates to material ST 2:

Required:

Calculate the value of closing stock at 28 February 2015 assuming that the continuous weighted average method of pricing materials to production has been adopted.

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Related Book For answer-question

Accounting For Non-Accounting Students

ISBN: 9781292128979

9th Edition

Authors: John R. Dyson, Ellie Franklin

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Question Posted: Oct 11, 2022 02:47 AM

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The following information relates to material ST 2: Required: Calculate the value of closing stock at 28

Question:

1.2.15 10.2.15 Receipts 12.2.15 Receipts 17.2.15 Issues 25.2.15 Opening stock Receipts 27.2.15 Issues Units 500 200 100 400 300 250 Unit price £ 1.00 1.10 1.12 1.15 Value £ 500 220 112 345 -

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Value of closing inventory Material ST 2 Inventory Units 121...View the full answer

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