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

The correct answer is A. N3900

No explanation given
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