Answered: Product Stock on Hand Number Sold Price…

Product Stock on Hand Number Sold Price Product X 150 R Product Y 200 Product Z 300 500 550 400 69.99 R 75.50 R 22.75 Profit per R 5.50 R 6.70 R 4.55

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Refer to the table above, what was the average price of all the items that were sold?

Product Stock on Hand Number Sold Price
Product X
150 R
69.99
Product Y
200 R
75.50
Product Z
300 R 22.75
500
550
400
L
Profit per
R 5.50
R 6.70
R 4.55
all bla

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