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Use the information below to answer this question.Issues were made as follows:Th...


Question

Use the information below to answer this question.

DateQTY (Units)Rate(₦)Total(₦)
January 2nd5002512500
March 7th250287000

Issues were made as follows:

DateQTY (Units)
January 9th200
February 14th200
March 11th200

The value of closing stock as at February 14th by simple average method is

Options

A) ₦3900

B) ₦2500

C) ₦4100

D) ₦2700

The correct answer is A.


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