The value of closing stock as at February 14th by simple average method is
Use the information below to answer this question
Date………….QTY. …..RATE……..TOTAL
……………(Units)…..N………..N
January 2nd…..500……..25……….12500
March 7th…….250……..28……….7000
Issues were made as follows:
Date…………QTY. (uNITS)
January 9th …..200
February 14th …200
March 11th ……200
The value of closing stock as at February 14th by simple average method is
A N3900
B N2500
C N4100
D N2700
Answer is A
Tag:2002 Jamb Accounting, Jamb, Jamb 2002 accounting questions and answers, Jamb 2002 financial accounting questions and answers, Jamb Accounting, Jamb accounting past questions, Jamb accounting past questions and answers, Jamb Accounts, Jamb financial accounting, Jamb financial accounting questions and answers, Jamb past questions and answers on accounting, Jamb past questions and answers on financial accounting, Joint Admissions and Matriculation Board
