An organization?s records for last month show the following in respect of one store?s item:

Last month?s opening stock was valued at a total of ?2900 and the receipts during the month were purchased at a cost of ?17.50 per unit.The organization 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) ?7360(b) ?7534(c) ?7590(d) ?7774

Transcribed Image Text:

Stock units Receipt units Issues units Date 200 1st 5th 100 100 500 7th 400 190 170 19th 310 27th 140