Post Utme Aaua 2025 Accounting Question 1

Practice objective / multiple choice question 1 from the 2025 Post Utme Aaua Accounting examination.

Post Utme Aaua 2025 Accounting Objective / Multiple Choice
Question 1 POST_UTME_AAUA • 2025 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The company's inventory consists of 100 units of item A, 200 units of item B, and 300 units of item C. The cost of item A is ₦20 per unit, item B is ₦30 per unit, and item C is ₦40 per unit. The total cost of the inventory is ₦120,000. What is the total value of the inventory using the weighted average method?

Answer Options

A. ₦24,000
Correct Answer B. ₦36,000
C. ₦48,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦36,000

About This Question

This is Post Utme Aaua 2025 Accounting Question 1. It is one of the objective questions from the 2025 Post Utme Aaua Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support