A wholesaler had opening inventory of 300 units of product Emm valued at $25 per unit at the beginning of January. The following receipts and sales were recorded during January. Date 2 Jan 12 Jan 21 Jan 29 Jan 400 Issues 250 200 75 The purchase cost of receipts was $25.75 per unit. Using a weighted average method of valuation, calculate the value of closing inventory at the end of January.
A、$11,550
B、$4,492
C、$4,192
D、$9,550
A、$11,550
B、$4,492
C、$4,192
D、$9,550
【参考答案及解析】
Units $ Opening inventory 300 x $25 300 7,500 Issue on 2 Jan 256 x $25 (250) (6,250) 50 1,250 Receipt on 12 Jan 400 10,300 450 11,550 Issues on 21 Jan and 29 Jan (11,550/450) x (200 + 75) (275) (7,058) 175 4,492
Units $ Opening inventory 300 x $25 300 7,500 Issue on 2 Jan 256 x $25 (250) (6,250) 50 1,250 Receipt on 12 Jan 400 10,300 450 11,550 Issues on 21 Jan and 29 Jan (11,550/450) x (200 + 75) (275) (7,058) 175 4,492