Bhekilanga Traders sells cakes. Bhekilanga uses the weighted average method and a periodic inventory system....
50.1K
Verified Solution
Link Copied!
Question
Accounting
Bhekilanga Traders sells cakes. Bhekilanga uses the weighted average method and a periodic inventory system. The following information was taken from the company's records for February 2022: Units Unit Total cost cost (R) (R) Balance of inventory on 150 22 3 300 01 February First batch of purchases 750 25 18 750 Second batch of 200 27 5 400 purchases Balance of inventory on 120 28 February The value of closing inventory amounts to (Round off your weighted average unit cost to nearest two decimals, where applicable)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
