Pendle Unsworth Limited manufactures baby buggies and pushchairs.One of the materials used in production is a heavily plasticized fabric.During the first week in January 20X4 the following deliveries into inventory and transfers into production of the fabric take place:
What is the value of the closing inventory of the fabric, assuming that the company adopts the AVCO convention of inventory valuation (to the nearest £) ?
A) £2315
B) £3069
C) £5875
D) £3019
Correct Answer:
Verified
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