Use the information below to answer this question.Issues were made as follows:Th...
Question
Use the information below to answer this question.
| Date | QTY (Units) | Rate(₦) | Total(₦) |
| January 2nd | 500 | 25 | 12500 |
| March 7th | 250 | 28 | 7000 |
Issues were made as follows:
| Date | QTY (Units) |
| January 9th | 200 |
| February 14th | 200 |
| March 11th | 200 |
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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