Use the information below to answer this question.
Jejelaye Plc stock records for 2009 was given below:
Jan 1 received 100 units at N1.00
Jan 8 received 260 units at N1.05
Jan 20 issued 700units at ………
Feb 3 received 400 units at N1.15
What will be the issued price of 700 units, using simple average method
A N1.183
B N1.025
C N1.00
D N1.05
Answer is B
