Post Utme Abu 2019 Accounting Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Abu Accounting examination.

Post Utme Abu 2019 Accounting Objective / Multiple Choice
Question 2 POST_UTME_ABU • 2019 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The cost of goods available for sale is ₦1,200,000, and the cost of goods sold is ₦1,000,000. If the company uses a periodic inventory system, what is the value of the inventory at the end of the year?

Answer Options

A. ₦200,000
B. ₦250,000
Correct Answer C. ₦300,000
D. ₦350,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Abu 2019 Accounting Question 2. It is one of the objective questions from the 2019 Post Utme Abu Accounting examination.

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