Question: 1.1 Use the weighted average cost method to complete the following table for the transactions provided below.(Round off the weighted average cost per unit to

1.1 Use the weighted average cost method to complete the following table for the transactions provided below.(Round off the weighted average cost per unit to the nearest cent and all other amounts to the nearest Rand.) (7 marks)

Purchasedissued stock on hand

Date Quantity PriceValueQuantity Price ValueQuantity Price Value

INFORMATION

The following transactions regarding the purchases and issues to production of raw material J for a project of Jem Limited during April 2019 is available:

Purchased

FebUnitsTotal Invoice Amount

0112000R120 000

0918000R198 000

225000R60 000

Issued to production

FebUnits

0510 000

1315 000

278000

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