Financial Statements paper 2 1.5c

How do you get the answer of £636. I can not figure it out. Could someone please help?

Comments

  • Irrorate
    Irrorate Registered Posts: 139
    It's using AVCO.
    01/07/X0: Stock 50u @ £8 = £400
    09/03/X1: Buy 30u @ £12 = £360
    12/05/X1: Buy 20u @ £15 = £300
    Total cost: 100 units @ £1060 (avg £10.60/unit)
    27/06/X1: Sell 40u @ £18 = £720

    Remaining: 60 units @ avg £10.60/unit = £636 total cost.
    Zoynal98
  • Deaniedani
    Deaniedani Registered Posts: 26
    I would of never got that, thank you so much. :)
Privacy Policy