Opening stock of 15 pieces purchased at a rate of 1,637.16

Purchase of 10pieces at a rate of 1,708.85 in the last tax period

sales of 2 piece at a rate of 1712.38 in the last tax period

after sales purchase of 5 piece at a rate of 1708.85 in the last tax period

Currently, there are 28 pieces left in stock

Solution

alculate the unit cost of the item using the Weighted Average method:

Step 1: Calculate the total cost of the opening stock

Total cost of opening stock = 15 x 1,637.16 = 24,557.40

Step 2: Calculate the total cost of the purchases made in the last tax period

Total cost of purchases = (10 - 2 + 5) x 1,708.85 = 20,351.25

Step 3: Calculate the total cost of goods available for sale

Total cost of goods available for sale = Total cost of opening stock + Total cost of purchases = 24,557.40 + 20,351.25 = 44,908.65

Step 4: Calculate the weighted average cost per unit

Total units available for sale = Opening stock + Purchases - Sales = 15 + 10 - 2 + 5 = 28

Weighted average cost per unit = Total cost of goods available for sale / Total units available for sale = 44,908.65 / 28 = 1,603.16

as per my calculation unit price is 1603.16

but in front accounting 1776.1466666667

i think same issue