Question: NET Computers sold 20 modems for $60 on 30 April. At that date, the stock card for the modems sold had a total of 50

NET Computers sold 20 modems for $60 on 30 April. At that date, the stock card for the modems sold had a total of 50 modems on hand at an average cost of $45.50 each.

What is the cost of the modems recognised in the statement of financial performance? Assume the weighted average method of costing is used.

$1 200

$3 000

$2 275

$910

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