Question: QUESTION 3 (20 Marks) 3.1 REQUIRED: Use the information provided below to complete the following table using the weighted average cost method: (6 marks) Purchaced

QUESTION 3 (20 Marks) 3.1 REQUIRED: Use the information provided below to complete the following table using the weighted average cost method: (6 marks)

Purchaced Issued Stock in hand DateQuantityPriceValueQuantityPriceValueQuantityPriceValue

INFORMATION The following information was extracted from the records of Linmed Limited, a manufacturing company, for an inventory item called Zax for March 2020:

MarchTransaction Details01 07 09 16 22 30Opening inventory: 2 000 units @ R10 each Invoice received for 48 000 units @ R11 each Transferred 40 000 units to production department Invoice received for 10 000 units at R12 each Transferred 15 000 units to production Invoice received for 5 000 units @ R13 each

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