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  3. a wholesaler had opening inventory of 300 units of

A wholesaler had opening inventory of 300 units of product Emm valued at $25 per...

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Accounting

  1. 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

Issues 250 400 200 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.

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