Kenya Sweets Ltd. Made the following purchases of new Amigo Chocolate products during 2019:
- 10th January 2019: - 1,000 Units @ Ksh. 28.00 each
- 14th February 2019: - 1,500 Units @ Ksh. 28.20 each
- 17th March 2019: - 3,000 Units @ Ksh. 28.40 each
- 18th June 2019: - 2,500 Units @ Ksh. 28.55 each
Kenya Sweets Limited sold only one batch of 4,200 Units of Amigo Chocolate to its biggest customer for a total sales price of Ksh. 159,600. This happened on 2nd May 2019.
Calculate the closing inventory using WEIGHTED AVERAGE METHOD.