The Pink Lady Company incurred the following transactions during the month of June: 04 June Purchased 1 500 units at R90 each 10 June Issued 1 200 units 16 June Issued 800 units 20 June Purchased 2...

The Pink Lady Company incurred the following transactions during the month of June:
04 June Purchased 1 500 units at R90 each
10 June Issued 1 200 units
16 June Issued 800 units
20 June Purchased 2 000 units at a total value of R150 000
25 June Issued 1 000 units
28 June Issued 900 units
30 June Purchased 1 000 units at R110 each

The opening stock for June was 1 000 units at a total value of R100 000. The company uses a weighted average method to valuate their inventory and applies a perpetual accounting system.

Required:

•  Calculate the value of the closing stock at the end of June.