100 units at Rs 10 opening, 300 bought at Rs 14. Weighted average value of 150 closing units?
ARs 1,800
BRs 2,100
CRs 1,950
DRs 1,500
Answer & Solution
Correct answer: C. Rs 1,950
Average cost = (1,000 + 4,200) / 400 = Rs 13, and 150 units at Rs 13 equal Rs 1,950.
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