Question 0

Use the information to answer this question

Date.............Details........................
Feb........1 Purchased 400 units at N1.00 each
,, ........5 Purchased 200 units at N2.00 each
,,.........10 Purchased 200 units at N300 each
,, .........15 Issued 320 units
,,..........20 Issued 200 units at N4,00 each
,,..........25 Issued 120 units

Calculate the price per unit of closing stock using the periodic weighted average method.

  • A.N3.20
  • B.N3.00
  • C.N2.20
  • D.N2.00
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
2003
Question no.
#0
Type
Objective

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