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...

JAMB 2002

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

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Correct Answer: Option A

Explanation

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