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Use the information below to answer questions .Aug. 1 Received 20 units at ₦60...


Question

Use the information below to answer questions .Aug. 1 Received 20 units at ₦60 each

Aug. 6 Received 20 units at ₦68 each

Aug. 10 Issued 16 units

Aug. 20 Received 40 units at ₦80 each

Aug. 31 Issued 48 unitsUsing the simple average method, what is the cost per unit of the closing stock?

Options

A)
₦80
B)
₦74
C)
₦64
D)
₦60

The correct answer is A.


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