Calculate cost of inventory on a continuous weighted average


Problem: On 01 January, the opening inventory of UYR, a manufacturer company, was 300 units held at U$20.00 per unit. The following transactions took place during the month. Date Transaction Units Price per unit (U$) 05 January Purchased 100 21.00 11 January Sale 200 38.00 14 January Purchased 300 22.00 20 January Purchased 400 23.28 25 January Sale 200 38.00 Calculate the cost of inventory at 31 January on a continuous weighted average basis. Give your answer to the nearest whole U$. Do not include symbols, commas or letters in your response.

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Accounting Basics: Calculate cost of inventory on a continuous weighted average
Reference No:- TGS03426104

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