Bhekilanga Traders sells cakes. Bhekilanga uses the weighted average method and a periodic inventory system....
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Bhekilanga Traders sells cakes. Bhekilanga uses the weighted average method and a periodic inventory system. The following information was taken from the company's records for February 2022: Units Unit Total cost cost (R) (R) Balance of inventory on 150 22 3 300 01 February First batch of purchases 750 25 18 750 Second batch of 200 27 5 400 purchases Balance of inventory on 120 28 February The value of closing inventory amounts to (Round off your weighted average unit cost to nearest two decimals, where applicable)
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