Question: You were awarded a tender to supply data bundle packages to the tertiary institution students. At the beginning of 2021, 1st January, there were
You were awarded a tender to supply data bundle packages to the tertiary institution students. At the beginning of 2021, 1st January, there were 400 data bundle packages worth NS160 000. Below are the transactions for January 2 Jan: 10 Jan: 12 Jan: Cash purchases from MTC Namibia: 112 @NS425 per data bundle package. Credit purchases from Telecom Namibia: 65 data bundle packages @total of NS29 250 Returns to MTC Namibia 45 data bundle packages that was purchased on the 2 Jan, which were destroyed by thunderstorms. 13 Jan: 420 data bundle packages were sold @N$650 per package 16 Jan: 20 Jan: 25 Jan: 15 data bundle were donated to NUST students who came from disadvantaged families as part of corporate social responsibility Data bundle packages returned to MTC on the 12 Jan were replaced 20 of the Data bundle packages sold on 13 Jan were return, due to manufacture deficiencies The firm uses the weighted average method for inventory valuation NB Round off your final answers to nearest NS Determine average cost per data bundle package as at 10th Jan Answer
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