NET Computers sold 20 modems for $60 on 30 April. At that date, the stock...
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Accounting
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.
a.
$1 200
b.
$3 000
c.
$2 275
d.
$910
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