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Number 7 Hi there can you please help me with this equation for 10...

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Accounting

Number 7

Hi there can you please help me with this equation for 10 marks

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Little Flock toy shop uses the perpetual inventory system and valuates its stock using the weighted average method. The company recorded the following transactions in the month of October 2022 for their replica rideon electric cars. There were 60 items with a total value of R58 800 on 30 September 2022. REQUIRED Calculate the value of closing inventory at the end of October 2022 using the weighted average method. Where necessary, round off to two decimal places. Show all your workings

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