Question Tag: Cost Method

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FA – Nov 2023 – L1 – SA – Q8 -Accounting for Inventories in Accordance with IAS 2

Determine the cost per unit of closing inventory using the weighted average cost method.

Using the Weighted Average Cost method, what is the cost per unit of the closing inventory after the company issued 500 units?

  • A. N82.50
  • B. N83.75
  • C. N85.00
  • D. N86.25
  • E. N87.50

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FA – Nov 2023 – L1 – SA – Q8 -Accounting for Inventories in Accordance with IAS 2

Determine the cost per unit of closing inventory using the weighted average cost method.

Using the Weighted Average Cost method, what is the cost per unit of the closing inventory after the company issued 500 units?

  • A. N82.50
  • B. N83.75
  • C. N85.00
  • D. N86.25
  • E. N87.50

Login or create a free account to see answers

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