Aug. 1 Received 20 units at N60 each
Aug. 6 Received 20 units at N68 each
Aug. 10 Issued 16 units 
Aug. 20 Received 40 units at N80 each
Aug. 31 Issued 48 units

Using the simple average method, what is the cost per unit of the closing stock?

Similar Questions

In bank reconciliation process, discrepancies cause by timing arises as a result of? ...

Subscription in advance is treated in the balance sheet under ...

Sales ledger balances 01/06/12------ 9,000 30/06/12------------------------------------30,000 ...

In a non-for-profit making organization, the cash book is referred to as ...

A trader paid insurance premium of N45,000 for 15 months ended 31st March, 2000. He prepares account...

Larry Limited has 4,000,000 ordinary shares of 50k each and 150,000 5% prefrence shares of ₦1 each...

A unit of company's capital which can be bought is ...

A dividend of 10% in a company on 500,000 ordinary shares of N1 nominal value has been declared, How...

The document evidencing a disbursement of government fund is known as ...

Which of the following is used to derive missing figures in a system of incomplete records? ...