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Calculate the cost of sale

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Question - Your company uses weighted average for inventories (under IFRS). In your company the method is calculated on continuous basis. There are know following information:

a. at the beginning of June your company has 30 units of good A measured at 80 USD/unit.

b. on June 8th your company purchased 100 units of good A at 50 USD/unit.

c. on June 15th your company sold 110 units of good A at 100 USD/unit. The amount 100 USD is selling price of one unit of A.

d. on June 20th your company purchased additional 70 of A at 50 USD/unit.

Calculate the cost of sale.

Reference no: EM133019911

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