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CoursHeroTranscribedText: 1.1 Complete the table provided using the weighted average cost (AVCO) method (with the...

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Accounting

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CoursHeroTranscribedText: 1.1 Complete the table provided using the weighted average cost (AVCO) method (with the weighted (4 marks) average cost per unit expressed to the nearest cent). INFORMATION Purchases Issues Balance Date Quantity Price Amount Quantity Price Amount Quantity Price Amount TRANSACTIONS The following transactions of Sinotec Manufacturers (that uses the perpetual inventory system) took place during April 2021 in respect of a component used in production: April Transactions 01 Opening inventory 50 units @ R20 per unit 06 Issued to production 30 units 16 Purchased from a supplier 170 units @ R22 per unit 20 Returned to the supplier (See purchase on 16*h) 100 units 21 Issued to production 80 units

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